5 ETFs That Gained in Tuesday’s Trading Session


Wall Street rebounded on Tuesday after recording the worst week since March 2020. The rebound was driven by the search for bargains as most investors flocked to take advantage of capital weakness and extreme overselling conditions. End-of-quarter rebalancing activity possibly added strength.

Growth and the most disadvantaged technological actions were the ones that earned the most day. Global X Blockchain ETF BKCH jumped 8.2%. This was followed by VanEck Vectors Digital Transformation ETF DAPP, iShares Blockchain and Tech ETF IBLC, Bitwise Crypto Industry Innovators ETF BITQ e ARK Next Generation Internet ETF ARKW, with profits of almost 6% each.

Americans are fighting an increase in the cost of gas, food and shelter. In addition, there was a concern about the slowdown in economic growth and a more aggressive Federal Reserve (read: Cash ETF time?).

Many investors bet that the worst can happen at the moment, at least until the important economic data and corporate profits appear. President Biden has shown confidence and reiterated that he does not see an inevitable recession. The chairman of the Federal Reserve Bank of St. Louis James Bullard also said the economy appears to be heading for further expansion this year. In addition, many strategists said investors can see value in companies whose stocks have been greatly reduced this year and therefore could be a compelling opportunity to buy.

Let’s look at the details of the ETFs mentioned above:

Global X Blockchain ETF (BKCH)

Global X Blockchain ETF seeks to invest in positioned companies to benefit from greater adoption of blockchain technology, including digital asset mining, blockchain and digital asset transactions, blockchain applications, blockchain and digital asset hardware, and blockchain and digital asset integration. Global X Blockchain ETF has 25 shares in its cart with a double digit allocation to the parent company.

Global X Blockchain ETF has raised $ 48.2 million in its asset base and is trading at an average daily volume of 161,000 shares. It charges 50 bps at annual rates.

VanEck Vectors Digital Transformation ETF (DAPP)

VanEck Vectors Digital Transformation ETF aims to offer exposure to companies that are at the forefront of digital asset transformation, such as digital asset exchanges, payment gateways, digital asset mining operations, software services, equipment and technology or services for digital asset operations. digital asset infrastructure companies or companies that facilitate trade in the use of digital assets. VanEck Vectors Digital Transformation ETF tracks the MVIS Global Digital Assets Equity Index and has 25 stocks in its basket.

VanEck Vectors Digital Transformation ETF charges 50 bps in annual fees and transactions at an average daily volume of 1285,000. DAPP has accumulated $ 23.6 million in its asset base.

iShares Blockchain and Tech ETF (IBLC)

iShares Blockchain and Tech ETF seeks exposure to a wide variety of companies involved in the development, innovation, and use of blockchain and cryptographic technologies. It follows the NYSE FactSet Global Blockchain Technologies Index and has 33 shares in its basket (read: 6 Reasons Why Tech ETFs May Rebound Soon).

The NYSE FactSet Global Blockchain Technologies Index has raised $ 4 million in its asset base and charges 47 bps in annual fees. Trade with a volume of 9,000 shares per day on average.

Bitwise Crypto Industry Innovators ETF (BITQ)

Bitwise Crypto Industry Innovators ETF offers exposure to companies leading the new crypto economy. Track the Bitwise Crypto Innovators 30 index, which measures the performance of companies involved in the service of cryptocurrency markets, including cryptocurrency mining companies, crypto mining equipment suppliers, cryptocurrency financial services companies, or other financial institutions that primarily serve clientele related to cryptocurrencies.

With 31 stocks in its basket, Bitwise Crypto Industry Innovators ETF focuses on the top three companies with a nearly double-digit exposure each. It charges 85 bp in annual investment commissions and trades at an average daily volume of 149,000 shares. Bitwise Crypto Industry Innovators ETF attracted $ 49.7 million in its asset base.

ARK Next Generation Internet ETF (ARKW)

ARK Next Generation Internet ETF is an actively managed business-focused fund that is expected to benefit from the shift in technology infrastructure to the cloud, enabling mobile, new and local services. The fund has 36 shares in its basket, with none representing more than 9.3% of assets (read: Cathie Wood sees a quick recovery in technology ETFs: is it possible?).

ARK Next Generation Internet ETF has accumulated $ 1.2 billion in its asset base and charges 83 bps in annual fees. It trades with an average daily volume of 1.7 million shares.

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ARK Next Generation Internet ETF (ARKW): ETF research reports

Global X Blockchain ETF (BKCH): ETF research reports

VanEck Digital Transformation ETF (DAPP): ETF research reports

Bitwise Crypto Industry Innovators ETF (BITQ): ETF research reports

iShares Blockchain and Tech ETF (IBLC): ETF research reports

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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