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Crypto Stock ETFs Outperform Bitcoin in 2023

From etf.com

Which has grown faster in 2023, the price of bitcoin or of ETFs investing in cryptocurrency-related equities? If you guessed bitcoin, you’d be like many other investors, but also wrong. While the potential launch of a spot bitcoin ETF has held the attention of investors in 2023, crypto stocks have quietly outperformed the popular cryptocurrency itself, as well as futures-based bitcoin ETFs. Crypto Stock ETF, BITQ, Outperforms Bitcoin: As of Dec. 20, crypto stocks, as measured by the Bitwise Crypto Industry Innovators ETF (BITQ), have leaped an astounding 245% in 2023, while the price of bitcoin (BTC) has jumped 165% ... (full story)

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  • Category: Fundamental Analysis