Global X Blockchain & Bitcoin Strategy ETF (BITS)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
BITS Chart
Bitcoin ETF BITS Hits New 52-Week High
For investors seeking momentum, Global X Blockchain & Bitcoin Strategy ETF BITS is probably on the radar. The fund just hit a 52-week high and is up 135.5% from its 52-week low price of $42.50/share.
Global X Blockchain & Bitcoin Strategy ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 80 | $4,156.87 | $4,808 | $651.13 | 15.66% |
| KGL Kilter Group LLC Kilter Group LLC | 177 | $12,806 | $10,637.7 | -$2,168.3 | -16.93% |
Global X Blockchain & Bitcoin Strategy ETF (BITS) FAQ
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Global X Blockchain & Bitcoin Strategy ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is an actively managed Exchange-Traded Fund (ETF) that primarily focuses on investing in equity securities of U.S. and non-U.S. companies, which are significantly involved in the blockchain technology sector. Its investment strategy also includes taking long positions in U.S. listed bitcoin futures contracts. The fund intends to allocate at least 80% of its net assets, along with any borrowings utilized for investment purposes, towards Blockchain Companies and long positions in U.S. listed Bitcoin Futures contracts. This fund characterizes itself as non-diversified, indicating a more concentrated investment approach in the blockchain technology and cryptocurrency sectors.
Products and Services
- Investment in Blockchain Companies
The fund invests directly or indirectly in equity securities of companies that are involved in the development, research, support, or utilization of blockchain technology. This includes a wide range of enterprises from startups developing innovative blockchain solutions to established companies integrating blockchain technology into their existing business operations to enhance security, transparency, and efficiency.
- Long Positions in U.S. Listed Bitcoin Futures Contracts
Aside from equity investments, the fund actively engages in taking long positions in Bitcoin futures contracts that are listed on U.S. exchanges. This approach allows the fund to speculate on the future price of Bitcoin without directly holding the cryptocurrency, thereby offering a form of exposure to Bitcoin's price movements while potentially mitigating some of the risks associated with direct cryptocurrency holdings.
