GameStop approves Bitcoin as treasury asset leading gaming ETFs to outperform

From Yahoo Finance: 2025-03-26 16:02:00

GameStop Corp. (GME) shares rose 11.7% after approving Bitcoin as a treasury reserve asset. This move offers new exposure to cryptocurrency for funds holding GME, outperforming broader markets and dedicated crypto funds. Despite a 17.8% climb in the past month, the stock is down 5.4% year to date.

The VanEck Video Gaming and eSports ETF (ESPO) and Amplify Video Game Tech ETF (GAMR) have benefited from GameStop’s Bitcoin initiative. ESPO has a 5.2% GME allocation and gained 10.9% this year, while GAMR holds 3.5% GME and returned 8.9% year to date. Both ETFs have surpassed the SPDR S&P 500 ETF Trust (SPY).

Strategy Inc. (MSTR), known for accumulating Bitcoin aggressively, recently bought 6,911 BTC for $584.1 million. This increased its total holdings to 506,137 Bitcoin worth $43.9 billion. Despite Strategy’s Bitcoin treasury strategy, ETFs tracking the company have underperformed gaming funds, with Bitwise Crypto Industry Innovators ETF (BITQ) down 14.7% year to date.

Bitwise Crypto Industry Innovators ETF (BITQ) tracks a modified market-cap-weighted index of 30 global companies supporting a crypto-asset-enabled decentralized economy. This performance gap between gaming ETFs and crypto-focused funds highlights the strength of gaming investments during market volatility.

Read more: Gaming ETFs Outperform as GameStop Enters Bitcoin Arena