Many US exchange traded funds or ETFs are loaded into the shares of the largest cryptocurrency companies in the world.
According to ETF.com, hundreds of funds have invested in listed companies that have BTC on the balance sheet. At the time of writing, 88 ETFs own MicroStrategy shares, 144 ETFs own Square and 222 ETFs own Tesla. Sixteen ETFs are directly linked to Bitcoin mining.
Nearly 200 ETFs own the BlackRock stock, which recently rose $ 360,457 after starting to “do a little” in cryptocurrencies.
The best ETFs with access to cryptocurrencies
Nine funds have access to both cryptocurrency shares and companies that have BTC on the balance sheet.
As a share of the total portfolio, the Amplify Transformational Data Sharing ETF (BLOK) is most exposed to cryptocurrencies. Seven of the top 10 BLOK layouts from leading crypto companies, including Galaxy Digital, Marathon Digital, Voyager Digital, Hut 8 Mining, Hive Blockchain, Riot Blockchain and Argo Blockchain. These shares constitute one third of the authorized capital in BLOK.
The fund describes the investments as targeted at “transformative data exchange technology.”
BLOK is one of the best ETFs in 2021, up 71.7% YTD. So far in 2021, it is the eighth most profitable ETF of all ETFs. It is number two when undelivered products and reverse products are included. Among the ETFs, BLOK is the largest single processor for both MicroStrategy and Marathon shares.
The Nasdaq NexGen Economy ETF (BLCN) is the only other ETF available for cryptocurrency, ranking among the top 100 ETFs by performance so far, excluding reverse and credit funds, and is ranked 82nd with 23.15% gain to date.
BLCN currently owns $ 5.63 million in Marathon shares, $ 5.4 million in Microstrategy and $ 5.24 million in Square.
Largest holders by total asset value
In terms of total asset value, the Vanguard Total Stock Market (VTI) ETF is the ETF that provides the best value for cryptocurrency companies. VTI currently represents $ 2.77 billion dollars from Tesla, $ 478 million from Square, $ 29.4 million from Microstrategy and $ 11.38 million from Riot Blockchain. VTI also owns $ 516 million in Blackwater.
IShares Core S&P Total Stock Market ETF (ITOT) is the second largest fund in terms of total cryptocurrency exposure: $ 450 million from Tesla, $ 4.4 million from Microstrategy, $ 3.86 million from Marathon and $ 3.12 million from Riot .
The US Securities and Exchange Commission did not settle seven Bitcoin ETF applications, including Fidelity Investments, Skybridge Capital, WisdomTree, Morgan Stanley, NYDIG, VanEck and Valkyrie Digital Assets.
The Bitcoin ETF target began trading on the Toronto Stock Exchange in mid-February and has raised nearly $ 1 billion in Bitcoin since its inception. Canadian partners Ninepoint and CI have also announced plans to transfer bitcoin funds to ETFs.