BKCH ETF

The Global X Blockchain ETF (BKCH) offers diversified exposure to blockchain technology across multiple sectors, beyond just cryptocurrencies, with a focus on long-term growth potential. BKCH's top holdings include companies like TeraWulf, Marathon Digital, and Coinbase, providing a balanced mix of mining, trading, and infrastructure services. The fund is heavily weighted towards Information Technology (77.47%) and has a global reach, primarily focused on the US, Canada, Australia, and China.

The group of tech giants, also known as the "Magnificent Seven," regained some momentum towards the end of last week.

Wall Street was downbeat last week due to higher rates. However, Nvidia's earnings, price movements on bitcoin and the course of interest rates will drive the market events this week.

As Bitcoin breaks through the $45,000 mark and investor confidence in a potential ETF approval continues to build, the cryptocurrency market remains an intriguing space to watch in 2024.

For investors seeking momentum, Global X Blockchain ETF BKCH is probably on radar. The fund just hit a 52-week high and is up 368% from its 52-week low price of $12.15/share.

All three major indices wrapped up their eighth consecutive weekly advance. We have highlighted the best ETFs, each from the top five segments of the fourth quarter.

Cryptocurrency prices rose broadly on Monday, with bitcoin climbing above $27, 000 for the first time this month.

August was an average-to-downbeat month for investors, mainly due to rising rates.

Bitcoin and other cryptocurrencies have the wind at their back this year, putting these ETFs in a sweet spot.