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....
Read the full article on Seeking Alpha
For further details see:
BKCH: Riding Bitcoin's Bull Market, For Now (Technical Analysis)