DAM - Crypto and Blockchain ETFs look to top the Q1 leaderboard

2023-03-30 09:41:59 ET

Crypto and blockchain focused exchange traded funds look to top the first quarter leaderboard as the segment proved to provide investors with the best returns amongst all other ETFs on the market excluding leveraged and inverse funds.

Supporting the moves in crypto and blockchain focused funds has been fueled by the underlying moves in digital assets. In 2023 Bitcoin ( BTC-USD ) has surged 73% as it trades above 28K and looks to retake the 30K marker. At the same time, top side moves in Ethereum ( ETH-USD ) have also supported crypto and blockchain focused funds as the digital currency jumped 50% so far in 2023.

See the top 10 performing ETFs on a year-to-date basis below:

Top 10 2023 Performing ETFs

• No. 10: Invesco Alerian Galaxy Crypto Economy ETF ( SATO ) +50.7% .
• No. 9: Bitwise Crypto Industry Innovators ETF ( NYSEARCA: BITQ ) +51.6% .
• No. 8: VanEck Digital Transformation ETF ( DAPP ) +52.1% .
• No. 7: Global X Blockchain and Bitcoin Strategy ETF ( BITS ) +58.6% .
• No. 6: Simplify Bitcoin Strategy PLUS Income ETF ( MAXI ) +60.5% .
• No. 5: Valkyrie Bitcoin Strategy ETF ( BTF ) +63.2% .
• No. 4: VanEck Bitcoin Strategy ETF ( XBTF ) +64.3% .
• No. 3: ProShares Bitcoin Strategy ETF ( NYSEARCA: BITO ) +64.6% .
• No. 2: VanEck Digital Assets Mining ETF ( DAM ) +65.9% .
• No. 1: Valkyrie Bitcoin Miners ETF ( WGMI ) +83.6% .

In related crypto news, Bitcoin trades back above $28K as investors appeared to shake off worries about increased regulatory scrutiny of the industry.

For further details see: