BLOK - BLOK: Ahead Of The Bitcoin Halving Key Resistance Is In Play

2024-03-27 07:39:55 ET

Summary

• Bitcoin's halving is set to occur next month, historically a bullish catalyst for cryptocurrency investors and funds exposed to digital transformation.
• Amplify Transformational Data Sharing ETF is a small ETF but also among the strongest-performing funds in the last year - shares have returned 100% since March 2023.
• BLOK's holdings include non-profitable companies and those that are richly valued, while the ETF's expense ratio is high.
• I spot a key area on the chart to monitor as bearish seasonal trends get underway.

It's that time in the cycle. The bitcoin halving, which takes place every four years, is set to occur next month. It's a process in which the rewards miners receive for verifying and adding transactions to the blockchain are cut in half - fewer bitcoins are then created, which is seen as positively impacting the supply/demand dynamic....

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