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home / news releases / BKCH - BKCH: Riding Bitcoin's Bull Market For Now (Technical Analysis)

BKCH - BKCH: Riding Bitcoin's Bull Market For Now (Technical Analysis)

Global X Blockchain ETF

2024-03-27 07:27:38 ET

Summary

  • Global X Blockchain ETF is a Bitcoin-heavy fund that owns companies benefiting from the increased adoption of blockchain technology.
  • BKCH is highly concentrated, with 55% of the fund held in just three names: Coinbase, CleanSpark, and Marathon.
  • The fund is well-constructed for a direct and volatile bet on Bitcoin but carries significant risk and is not a long-term investment.

The rally in alt-coin OG Bitcoin (BTC-USD) has taken the world by storm (again). We're in the midst of a massive bull run and crypto-related stocks and ETFs are flying once more as well. One way to take advantage of a Bitcoin-related bull market is to own themed funds that are designed to take advantage of higher Bitcoin prices, like the subject of this article....

For further details see:

BKCH: Riding Bitcoin's Bull Market, For Now (Technical Analysis)
Stock Information
Company Name: Global X Blockchain ETF
Stock Symbol: BKCH
Market: NYSE
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