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Bitcoin jumped 4.6% to $72,475.25 – a roughly 12% gain over the past two days after the digital asset was trading near $63,000 earlier this week.
Dynamic Advisor Solutions LLC trimmed its position in shares of Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) by 81.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,663 shares of the company's stock after selling 15,676 shares
The Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) is the go-to actively managed vehicle for investors who want one ticker that covers the entire blockchain economy. BLOK owners get miners, exchanges, treasury holders, payment processors, and enterprise adopters bundled together, which is exactly the pitch: diversified exposure to a volatile theme without the risk of picking... Why the Pure Bitcoin-Miner Fund Crushed the Blockchain Basket, Up 184%
June saw strong performance in terms of readership across content hubs on ETF Database. The hottest topics ranged from news stemming from the SpaceX IPO to details related to the methodologies underlying certain ETFs.
Several ETFs have added exposure to Space Exploration Technologies (SPCX) after the aerospace giant completed the largest initial public offering in market history. Trading on the Nasdaq, SpaceX surged 19% from its initial $135 offering price to close at $160.95 per share, notching a historic $2.1 trillion valuation.
Spot Bitcoin ETFs were supposed to be the simplest way to own crypto.
When advisors and investors think about cryptocurrency, “volatility” is typically the first word that comes to mind. However, the digital asset space has also delivered notable bright spots recently, including the expansion into AI infrastructure and a strong performance throughout the month of May.
Bitcoin mining stocks have outperformed bitcoin itself this year; they're up over 20% versus spot BTC, which is down 11%. What is causing the current divergence between crypto and crypto mining performance?