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Crypto ETF Rallies Back

The BetaShares Crypto Innovators ETF (CRYP) has rallied back 25% in the past two weeks to $6.37. Part of this recent growth is due to Australia making an attempt to regulate cryptocurrency but most of it is due to their holdings. CRYP is invested all things crypto and their top three holdings have all been on the rise. Their top three holdings are: Galaxy Digital (GLXY) +44.16% last month, Silvergate Capital (SI) +16.82% last month, and MicroStrategy Inc (MSTR) +6.64% last month.

ETF Newz Says: The most recent news from the SEC on spot Bitcoin ETFs were that they were delaying responding to them, in the past they have outright rejected the ETFs, so this is an interesting development.