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Bitcoin rose above $80,000 to hit a more than three-month high on Tuesday as a soft U.S. dollar, in the wake of the moves by Treasury Secretary Scott Bessent to calm the bond market, revived momentum in the crypto sector.
Oil, gold and crypto ETFs outperformed last week as Middle East tensions lifted commodities despite a broad tech-led market selloff.
Single-stock derivative strategies, crypto miners, and energy commodities led in performance across non-leveraged ETFs last week. Broad market momentum shifted toward high-beta tech exposure and commodity inflation hedges, shaping the list of top-performing ETFs.
Coinbase (NASDAQ:COIN | COIN Price Prediction) Head of Institutional Strategy John D'Agostino used a recent CNBC Squawk Box appearance to push back on the wave of skepticism that has followed a brutal stretch for crypto prices.
Spot Bitcoin has spent 2026 grinding lower while the companies that mine it have ripped higher.
QQQ surged 5.4% as easing Middle East tensions, AI momentum and upbeat earnings fueled a sixth straight winning week for the S&P 500.
The Global X Blockchain ETF (BKCH) offers exposure to blockchain equities, pivoting from crypto proxy to infrastructure and AI-driven growth. BKCH benefits from regulatory clarity via the GENIUS Act and institutional adoption, with top holdings like Coinbase Global, Inc. (COIN) and IREN Limited (IREN) driving performance. The fund's high beta (4.42) and concentrated portfolio amplify volatility, but analyst targets suggest a 43% upside amid strong revenue growth expectations.
ETFs rallied last week on easing Iran war fears, strong earnings and crypto buzz, even as Strait of Hormuz risks linger.