Global X Blockchain ETF

BKCH

Market cap $417M

Before spot bitcoin ETFs launched (and even before futures bitcoin ETFs), crypto equity ETFs helped build early appetite for crypto. They were the first real taste of bitcoin that investors could get in their traditional brokerage accounts.

WGMI, BKCH, STCE, MNRS and SOLZ led last week's ETF winners as crypto and blockchain ETFs surged on strong Solana, Bitcoin and Ethereum gains.

A new era of regulation is bound to bring high hopes for the crypto bulls. House Republicans are now gearing up for “Crypto Week” — during which the committee has agreed to prioritize digital asset legislation and review several crypto-related bills.

Global X Blockchain ETF BKCH is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 174.1 % from its 52-week low price of $28.22/share.

The Global X Blockchain ETF is an active fund designed to provide investors exposure to companies that are involved in 'blockchain' technology. With $113 million in AUM and a 0.50% expense ratio, BKCH is competitive with similar products offered by Fidelity and VanEck. BKCH has a high turnover ratio and a 37% allocation to the top 3 stocks in the fund.

Wall Street rallied on Monday, buoyed by the hopes that Trump might soften his tariff stance. The S&P 500 snapped out of a four-week losing streak, rising 1.8%, whereas the Dow Jones Industrial Average advanced 1.4%.

On this week's episode of ETF Prime, Roxanna Islam, CFA, CAIA, head of sector & industry research at VettaFi, joined host Nate Geraci. The two discussed top ETF performers and trends this year as well as long-established asset managers finally joining the ETF industry.

Wall Street strongly rebounded on cooling inflation data and solid earnings results from the financial sector.

Record-setting inflows into crypto funds, driven by Trump's re-election, have bolstered the Global X Blockchain ETF (BKCH), despite its small size and high valuation. BKCH's portfolio is concentrated, with top holdings like Coinbase and Riot Platforms, and features a high price-to-earnings ratio and significant non-US exposure. Bitcoin seasonality trends are bullish, but technical indicators suggest near-term risks, including a bearish RSI divergence and potential downside price gap.

The Global X Blockchain ETF is a buy due to its fair valuations and strong growth potential, driven by Bitcoin's bullish momentum. BKCH offers dual exposure to digital assets and blockchain technology, with a market-cap weighted structure and an expense ratio of 0.50%. Bitcoin's potential establishment as a strategic reserve by multiple countries could drive BKCH higher, despite short-term risks and bearish futures options.