Many US exchange traded funds, or ETFs, are loading up on stocks in the world’s leading crypto companies.
According to ETF.com, hundreds of funds have invested in listed companies that hold BTC on their balance sheets. Currently, 88 ETFs hold MicroStrategy shares, while 144 ETFs own Square, and 222 ETFs hold Tesla. Sixteen ETFs are directly exposed to Bitcoin mining stocks.
Nearly 200 ETFs hold shares in BlackRock, which recently took advantage of $ 360,457 after plunging a bit into crypto.
Best-performing crypto-exposure ETFs
Nine funds are exposed to both crypto-mining stocks and companies with BTC on their balance sheets.
As part of its overall portfolio, the Amplify Transformational Data Sharing ETF (BLOCK) has the largest exposure to crypto. Seven of BLOK’s top 10 awards are in leading crypto businesses, including Galaxy Digital, Marathon Digital, Voyager Digital, Hut 8 Mining, Hive Blockchain, Riot Blockchain and Argo Blockchain. These shares represent a third of the capital of BLOK.
The fund describes its investments as’ focused on ‘transformation data sharing technologies’.
BLOK is so far one of the top-performing ETFs in 2021 and has achieved 71.7% since the beginning of the year. So far, in 2021, it has achieved the eighth highest return among all ETFs – and it is second if you exclude leveraged and reverse products. Among ETFs, BLOK is the largest single stock of MicroStrategy and Marathon.
The Nasdaq NexGen Economy ETF (BLCN) is the only other crypto-exposed ETF to fall among the top 100 ETFs by YTD performance if it excludes reverse and leveraged funds, and comes in 82nd with a YTD gain of 23.15%.
BLCN currently owns $ 5.63 million in Marathon shares, $ 5.4 million in Microstrategy and $ 5.24 million in Square.
Largest holders by total value of assets
Measured by the total value of assets, the Vanguard Total Stock Market ETF (VTI) is the ETF with the heaviest allocations to crypto-exposed companies. The VTI currently represents $ 2.77 billion from Tesla, $ 478 million from Square, $ 29.4 million from Microstrategy and $ 11.38 million from Riot Blockchain. VTI also owns $ 516 million to Blackwater.
The iShares Core S&P Total US Stock Market ETF (ITOT) is the second largest fund by overall exposure to crypto, with Tesla at $ 450 million, Microstrategy at $ 4.4 million, Marathon at $ 3.86 million and Riot at $ 3. 12 million.
The U.S. Securities and Exchange Commission has yet to rule on seven applications for Bitcoin ETFs, including Fidelity Investments, Skybridge Capital, WisdomTree, Morgan Stanley and NYDIG, VanEck and Valkyrie Digital Assets.
The target Bitcoin ETF started trading on the Toronto Stock Exchange in mid-February and has accumulated about $ 1 billion to BTC since the inception of BTC. Ninepoint Partners and CI of Canada have also announced plans to convert their Bitcoin funds into ETFs.