The five best-performing ETFs of 2023 so far are all focused on various aspects of the cryptocurrency industry. The ETFs are the Valkyrie Bitcoin Miners ETF (WGMI), VanEck Digital Assets Mining ETF (DAM), VanEck Digital Transformation ETF (DAPP), Bitwise Crypto Industry Innovators ETF (BITQ), and Global X Blockchain ETF (BKCH).
Crypto ETFs Heat Up
ETF Newz Says:
These ETFs are surging in 2023 after experiencing declines in 2022. The Valkyrie Bitcoin Miners ETF and VanEck Digital Assets Mining ETF are small ETFs focused on Bitcoin miners, while VanEck Digital Transformation ETF invests in companies involved in all aspects of the digital asset ecosystem. Bitwise Crypto Industry Innovators ETF invests in companies that are developing innovative blockchain technologies, and Global X Blockchain ETF invests in companies involved in blockchain technology. Each ETF has a different level of diversification and concentration, and their expense ratios also differ.