Why Bitcoin and Crypto ETFs Are Rising

• (0:45) – Is the cryptocurrency winter finally over?

• (5:30) – The FTX Collapse: What Will Be the Long-Term Damage?

• (10:50) – Breaking down the bitcoin mining industry: how much profit is there?

• (17:20) – Understanding Blockchain Technology: How Can It Benefit Other Industries?

• (24:00) – What are the best ways to invest in the cryptocurrency industry?

• (33:05) – Episode Recap: AMD, NVDA, CAMT, IMXI

• [email protected]

In this episode of ETF Spotlight, I speak with David Bartosiak, Zacks Stock Strategist and Editor of the Zacks Blockchain Innovators Newsletter, about cryptocurrencies and blockchain-related stocks.

The price of bitcoin crashed around 65% in the last year and crypto-related ETFs slumped as investors dumped risky assets due to changes in the macro environment. The Viridi Bitcoin Miners ETF (RIGZ) lost 87% and was the worst performing ETF of 2022.

Crypto stocks have rebounded strongly as Bitcoin jumped around 40% this year. Crypto-related ETFs have been the top performers among equity ETFs year-to-date.

Valkyrie Bitcoin Miners ETF WGMI is up almost 100%, thanks to soaring stocks like

Bitfarms BITF and Argo Blockchain ARBK. NVIDIA NVDA and Advanced Micro Devices AMD are also among WGMI’s holdings.

The ProShares Bitcoin Strategy ETF BITO and Short Bitcoin Strategy ETF BITI offer long and short exposure to bitcoin-related returns using futures contracts that trade on regulated exchanges.

Blockchain technology has the potential to revolutionize many industries as it provides a secure way to record and verify transactions. The Amplify Transformational Data Sharing BLOK ETF invests in companies involved in the development or use of blockchain technologies.

Dave also likes Camtek CAMT and International Money Express IMXI, which he owns in the Blockchain Innovators wallet.

Tune in to the podcast to learn more.

Be sure to be on the lookout for the next edition of ETF Spotlight and don’t forget to subscribe! If you have any comments or questions, please email [email protected].

The story continues

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Advanced Micro Devices, Inc. (AMD): Free Inventory Analysis Report

NVIDIA Corporation (NVDA): Free Stock Analysis Report

Camtek Ltd. (CAMT): Free Inventory Analysis Report

ProShares Short Bitcoin Strategy ETF (BITI): ETF Research Reports

Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports

INTERNATIONAL MONEY EXPRESS, INC. (IMXI): Free Stock Analysis Report

Bitfarms Ltd. (BITF): Free Stock Analysis Report

Argo Blockchain PLC Sponsored ADR (ARBK): Free Stock Analysis Report

ProShares Bitcoin Strategy ETF (BITO): ETF Research Reports

ETF Valkyrie Bitcoin Miners (WGMI): ETF Research Reports

To read this article on Zacks.com, click here.

Zacks Investment Research