From Nasdaq.:

The rising value of bitcoin is a signal investors should bet on BLOK, an actively managed exchange-traded fund with positions in a variety of crypto-correlated stocks. Amplify ETF is diversified across multiple sectors within the crypto market, providing a wide-reaching alternative to stock-picking. With the possibility of bullish movements in BLOK’s future, now is not an opportune time to take a bearish stance.

BLOK’s diverse holdings include shares of MicroStrategy, Marathon Digital Holdings, and Coinbase, three stocks with bona fide cryptocurrency ties. Their presence in BLOK’s holdings suggests it’s a solid investment option owing to its exposure to multiple segments of the crypto market. The ETF is worth $1.05 billion and has 55 holdings. On the bright side, Bitcoin’s recent fall in value provides a prime opportunity for investors to start purchasing shares once again.

Markus Thielen, head of research at 10x Research, has kind words for BLOK, suggesting that those who had reservations about the ETF may have missed their chance to sell. After initially encouraging bearish sentiment in January, the ETF will likely see significant upside soon. Even with disappointment from Bitcoin ETF inflows, macroeconomic conditions provide a promising future for 2024. Try to take advantage of any further dips in Bitcoin’s value. For more information, news, and analysis visit ETF Trends’ Crypto Channel.



Read more: It Could Be Time to Consider Crypto-Correlated Stocks