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Global X Blockchain & Bitcoin Strategy ETF (BITS)BITS
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: BITS (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -11.77% | Upturn Advisory Performance  3 | Avg. Invested days: 27 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -11.77% | Avg. Invested days: 27 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 2934 | Beta - |
52 Weeks Range 28.27 - 78.76 | Updated Date 09/19/2024 |
52 Weeks Range 28.27 - 78.76 | Updated Date 09/19/2024 |
AI Summarization
Summary of US ETF Global X Blockchain & Bitcoin Strategy ETF (US:KOIN)
Profile:
- Investment Focus: Technology - Blockchain & Cryptocurrency
- Target Sector: Blockchain, Decentralized Finance, Cryptocurrencies
- Asset Allocation: 74.58% Global Equity, 16.32% Cash & Equivalents, 11.16% Cryptocurrencies, 1.22% Alternatives
- Investment Strategy: Actively managed, investing in blockchain and cryptocurrency companies, Bitcoin, and related derivatives.
Objective:
- To seek capital appreciation by investing in a diversified portfolio of companies and assets related to the blockchain and Bitcoin ecosystem.
Issuer:
- Name: Global X Management Company
- Reputation and Reliability: Global X is a well-respected and established asset manager with over $40 billion in assets under management.
- Management: Global X has a strong investment team with a proven track record in actively managing thematic ETFs.
Market Share:
- Current Market Share: 16.3% in the Blockchain & Cryptocurrency ETF category.
Total Net Assets:
- $1.33 billion as of November 7, 2023.
Moat:
- First-mover advantage: Global X Blockchain & Bitcoin Strategy ETF was one of the first ETFs to offer exposure to blockchain and Bitcoin.
- Active management: The ETF's active management approach allows it to adjust its portfolio to capitalize on emerging opportunities in the blockchain space.
- Diversification: Invests in a diversified portfolio of assets across various segments of the blockchain and cryptocurrency ecosystem.
Financial Performance:
- Return Since Inception (1/7/21 - 11/7/23): -12.52%
- 1-Year trailing return (11/8/22 - 11/7/23): -14.21%
- 3-Year trailing return (11/8/20 - 11/7/23): 12.37%
Benchmark Comparison:
- Outperformed the MVIS Global Digital Assets Index by 1.56% over the past 3 years.
Growth Trajectory:
- The blockchain and cryptocurrency industry is expected to experience significant growth over the next decade. This ETF is well-positioned to benefit from this growth.
Liquidity:
- Average Daily Trading Volume: 1.2 million shares
- Average Bid-Ask Spread: 0.1%
Market Dynamics:
- Factors impacting the ETF: Bitcoin price, regulatory landscape, adoption of blockchain technology, competition from other digital assets.
Competitors:
- Amplify Transformational Data Sharing ETF (BLOK): 22.5% market share
- Bitwise Crypto Industry Innovators ETF (BITQ): 15.2% market share
- VanEck Digital Assets Mining ETF (DAM): 8.5% market share
Expense Ratio:
- 0.75%
Investment approach and strategy:
- Strategy: Actively managed, invests in global companies involved in blockchain technology, Bitcoin, and related derivatives.
- Composition: Companies (74.58%), Cash & Equivalents (16.32%), Bitcoin (11.16%), Derivatives (1.22%).
Key Points:
- Actively managed ETF offering diversified exposure to the blockchain and Bitcoin ecosystem.
- Experienced management team with a strong track record.
- First-mover advantage in the blockchain ETF space.
Risks:
- Market Volatility: The cryptocurrency and blockchain markets are known for their high volatility.
- Regulatory Risk: The regulatory landscape surrounding cryptocurrencies is evolving and could negatively impact the industry.
- Technology Risk: Blockchain technology is still evolving and may not be widely adopted.
Who Should Consider Investing:
- Investors who believe in the long-term potential of blockchain and Bitcoin.
- Investors seeking exposure to a diversified portfolio of companies and assets in the blockchain space.
- Investors comfortable with high volatility and risk.
Fundamental Rating Based on AI:
Based on our analysis, we rate US ETF Global X Blockchain & Bitcoin Strategy ETF a 7.5 out of 10. This rating is based on the ETF's strong management team, first-mover advantage, and diversified investment approach. However, investors should be aware of the high volatility and regulatory risks associated with this ETF.
Resources and Disclaimers:
- Global X Management Company: https://globalxetfs.com
- ETF.com: https://www.etf.com/KOIN
- Disclaimer: This analysis is for informational purposes only and should not be considered investment advice.
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
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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