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Ethereum Merge Not Yet Boosting Crypto Stocks

From etftrends.com

Ethereum’s recently completed merge – one of the more widely anticipated cryptocurrency events in recent memory – isn’t yet lighting a fire under crypto-correlated stocks, but there’s lingering hope the merge will have positive medium- to long-term implications for crypto equities. If that scenario plays out, it could spark an upside for exchange traded funds such as the Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). One reason that the Ethereum merge isn’t yet stoking upside for holdings in BLKC and SATO is the fact that the ... (full story)

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  • Category: Fundamental Analysis