BITC ETF

For investors seeking momentum, Bitwise Bitcoin Strategy Optimum Roll ETF BITC is probably on the radar. The fund just hit a 52-week high and soared 129% from its 52-week low of $30.25 per share.

Driven by increased bets of interest rate cuts and a rising trend towards de-dollarization, the greenback is gradually losing its global dominance.

Bitcoin surged to near $38,000 ??? a level last seen in May 2022?

Bitcoin is once again under the spotlight as it surges to heights not seen in a year. The confluence of regulatory developments, advancing technology and positive market sentiment drove the crypto's thrilling ascent to new highs.

With oil prices trending higher, among other factors, market participants are bracing for a renewed round of elevated inflation. That could stoke renewed interest in traditional inflation-fighting asset classes, but investors may not want to overlook the ability of bitcoin to act as inflation protection.

Only eight funds debuted during the week ending August 11. The new ETF launches included a sustainable commodity fund from USCF Advisers, two fixed income ETFs from Strive Asset Management, and an options strategy ETF targeting Netflix stock from YieldMax.