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Upturn AI SWOT - About
Global X Blockchain & Bitcoin Strategy ETF (BITS)
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Upturn Advisory Summary
04/01/2025: BITS (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 13.63% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 4324 | Beta - | 52 Weeks Range 40.24 - 83.56 | Updated Date 04/1/2025 |
52 Weeks Range 40.24 - 83.56 | Updated Date 04/1/2025 |
Upturn AI SWOT
Global X Blockchain & Bitcoin Strategy ETF
ETF Overview
Overview
The Global X Blockchain & Bitcoin Strategy ETF (BITS) seeks capital appreciation by investing in companies involved in blockchain technology and indirectly in Bitcoin futures contracts. It provides exposure to blockchain technology and derivatives of Bitcoin through a dynamic investment approach.
Reputation and Reliability
Global X ETFs is a well-regarded ETF provider known for thematic and innovative investment strategies.
Management Expertise
Global X ETFs has a dedicated team with experience in managing thematic and alternative investment products.
Investment Objective
Goal
To seek capital appreciation by investing in equity securities of companies involved in the development, implementation, or operation of blockchain technology and in Bitcoin futures contracts.
Investment Approach and Strategy
Strategy: The fund does not directly hold Bitcoin. It invests in Bitcoin futures contracts and companies involved in blockchain technology.
Composition The ETF holds stocks of companies involved in blockchain technology and Bitcoin futures contracts. The weighting between blockchain equities and Bitcoin futures may vary.
Market Position
Market Share: BITS has a relatively small market share in the combined blockchain and cryptocurrency ETF market.
Total Net Assets (AUM): 23000000
Competitors
Key Competitors
- BLOK
- BITQ
- WGMI
Competitive Landscape
The blockchain and cryptocurrency ETF market is competitive. BITS combines blockchain stocks with Bitcoin futures, offering a unique, yet sometimes more volatile, value proposition compared to its competitors that either focus solely on blockchain equities (BLOK) or have a stronger Bitcoin miner focus (BITQ). It lacks the AUM and trading volume enjoyed by some of the larger competitors, potentially impacting liquidity. WGMI is a smaller fund, but similar. BITS advantage is a diversified investment approach. A disadvantage is regulatory uncertainty.
Financial Performance
Historical Performance: Historical performance is subject to market fluctuations and should not be the sole factor in investment decisions. (Performance data needs to be updated and sourced).
Benchmark Comparison: The ETF's performance can be compared to the S&P 500 and other blockchain or cryptocurrency ETFs to gauge its effectiveness.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
The ETF's average daily trading volume indicates its liquidity, but may be less than more popular ETF's.
Bid-Ask Spread
The bid-ask spread reflects the cost of trading the ETF; wider spreads imply higher trading costs.
Market Dynamics
Market Environment Factors
Economic indicators, regulatory developments in the cryptocurrency space, and growth prospects for blockchain technology all influence the ETF's performance.
Growth Trajectory
Growth is dependent on the adoption of blockchain technology and the performance of Bitcoin. Any changes to strategy or holdings will be reported in the fund prospectus.
Moat and Competitive Advantages
Competitive Edge
BITS offers a combined approach, investing in blockchain-related companies and Bitcoin futures, which differentiates it from other blockchain ETFs. This strategy caters to investors seeking exposure to both the technology and the digital asset market. It may provide diversification within the cryptocurrency ecosystem, but also exposes investors to the volatility of both Bitcoin futures and blockchain equities. The investment strategy is designed to participate in the growth of the digital economy, while also managing risk through its futures exposure.
Risk Analysis
Volatility
The ETF is exposed to the volatility of both the stock market and Bitcoin futures, which can be significant.
Market Risk
The underlying assets are subject to market risks, including regulatory risk, technological obsolescence, and competitive pressures.
Investor Profile
Ideal Investor Profile
The ideal investor is someone with a high risk tolerance who is seeking exposure to both blockchain technology and Bitcoin and understands the potential volatility.
Market Risk
It is best suited for investors with a long-term investment horizon, who are comfortable with speculative assets.
Summary
Global X Blockchain & Bitcoin Strategy ETF aims for capital appreciation through blockchain companies and Bitcoin futures. This combined approach differentiates it but comes with volatility risks. It's ideal for investors comfortable with the speculative nature of digital assets and technology. Its performance is influenced by blockchain adoption, Bitcoin price fluctuations and regulatory changes. An AI rating takes expense ratio, market share, volatility and holdings into account.
Similar Companies
BITQ
Bitwise Crypto Industry Innovators ETF
BITQ
Bitwise Crypto Industry Innovators ETF
BKCH
Global X Blockchain ETF
BKCH
Global X Blockchain ETF
BLOK
Amplify Transformational Data Sharing ETF
BLOK
Amplify Transformational Data Sharing ETF
LEGR
First Trust Indxx Innovative Transaction & Process ETF
LEGR
First Trust Indxx Innovative Transaction & Process ETF
WGMI
Valkyrie Bitcoin Miners ETF
WGMI
Valkyrie Bitcoin Miners ETF
Sources and Disclaimers
Data Sources:
- Global X ETFs website
- ETF.com
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Past performance is not indicative of future results. Investors should consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Blockchain & Bitcoin Strategy ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively managed ETF that seeks to achieve its investment objective by investing directly or indirectly in equity securities of U.S. and non-U.S. "Blockchain Companies" and in long positions in U.S. listed bitcoin futures contracts. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Blockchain Companies and in long positions on U.S. listed Bitcoin Futures contracts. It is non-diversified.
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