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home / news releases / BKCH - BKCH: Bearish Seasonal Trends Offset The Valuation Case And Better Technicals

BKCH - BKCH: Bearish Seasonal Trends Offset The Valuation Case And Better Technicals

Global X Blockchain ETF

2024-06-26 10:31:25 ET

Summary

  • AI overshadowed bitcoin in the first half of the year, with news of spot bitcoin and ether ETFs approval.
  • Global X Blockchain ETF (BKCH) up only 14% in 2024, while spot bitcoin is up 45%.
  • BKCH has grown to $165 million in assets under management, with high concentration in fintech sectors and high risk ratings.
  • I outline key price levels to watch ahead of bearish bitcoin seasonal trends.

AI seemed to steal the show from bitcoin during much of the first half of the year. Crypto was in the news in January when the US Securities and Exchange Commission approved 11 spot bitcoin ETFs. Then, just recently, news unfolded that spot ether ETFs were on the horizon, though the approval process is taking a bit longer than some crypto experts expected. ...

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BKCH: Bearish Seasonal Trends Offset The Valuation Case And Better Technicals
Stock Information
Company Name: Global X Blockchain ETF
Stock Symbol: BKCH
Market: NYSE
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