From Nasdaq: 2024-06-10 07:10:00

Bitcoin has surged past $71,000, prompting a look at the best blockchain stocks to buy. The Bitcoin spot ETF market has seen 15 consecutive days of gains, indicating renewed activity in the crypto space. U.S.-listed Bitcoin ETFs received over $880 million in inflows on Tuesday, hinting at a sustained rally post-halving.

CleanSpark (CLSK), a thriving Nevada-based Bitcoin miner, has seen its stock soar 290% in the past year and 45% YTD. The company’s Q2 results showed a 163% revenue jump and a net income of $126.7 million, showcasing its strategic agility during BTC bull cycles. CleanSpark plans to acquire 75 megawatts of Bitcoin mining sites in Wyoming.

Global X Blockchain ETF (BKCH) offers exposure to a diversified portfolio of blockchain technology assets, with over $122 million in assets under management and a focus on U.S.-based players like Block and Coinbase. The ETF boasts an attractive dividend yield of 2.3% and a TTM growth rate of 550%, offering investors a broad entry point into the blockchain market.

Amazon’s cloud-based service in Amazon Managed Blockchain (AMB) is leading innovation in blockchain technology. AMB streamlines blockchain application development, simplifying setup and management tasks for developers. With multiple use cases and Amazon’s focus on scalability and efficiency, AMB is poised to drive the firm to greater heights in blockchain technology.

Read more at Barchart: The 3 Best Blockchain Stocks to Buy in June 2024