Global X Blockchain ETF

BKCH

Market cap $390M

WGMI, DRNZ and MEME are among the top ETF winners of 2026 so far as defense stocks surge, crypto rebounds, and global political shifts lift markets.

Crypto tends to get framed as volatile prices and speculation. However, two growth drivers are quietly creating long-term support: stablecoins (crypto designed to stay relatively stable in value) and tokenization (putting traditional assets into more widely accessible tokens).

Blockchain investing has always presented a dilemma: buy individual mining stocks and risk catastrophic losses, or spread exposure across an ETF and sacrifice some upside.

Crypto's explosive 2025 rally has pushed ETFs like BKCH and STCE sharply higher, putting them in focus for investors before the year ends.

Global X Blockchain ETF (BKCH) remains a hold, with valuation concerns and mixed technicals despite outperforming the S&P 500 since the last review. BKCH is highly volatile, concentrated in Financials (80%+), and trades with poor liquidity; limit orders are advised for entry and exit. The ETF's P/E is in the 50s, while earnings growth has slowed to single digits, making the valuation case challenging.

On October 10, 2025, the crypto markets experienced a “flash crash” that caused bitcoin to erase this year's gains and drop 30% from its peak.

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.