Numerous exchange-traded funds of the United States load on stocks in the world’s top crypto companies.
According to ETF.com, hundreds of funds have invested in listed companies that hold Bitcoin (BTC) on their balance sheet. At the time of writing, 88 ETFs have MicroStrategy shares, while 144 ETFs own Square and 222 ETFs Tesla. Sixteen ETFs have direct exposure to Bitcoin mining stocks.
Nearly 200 ETFs hold shares in BlackRock, which recently raised $ 360,457 after it started “floating a bit” in crypto.
Top performing ETFs with cryptocurrency exposure
Nine funds have been exposed to crypto mining stocks as well as companies with BTC on their balance sheets.
As a share of its total portfolio, the Amplify Transformational Data Sharing ETF (BLOK) has the greatest exposure to crypto. Seven of BLOK’s top 10 allocations are with leading crypto companies, including Galaxy Digital, Marathon Digital, Voyager Digital, Hut 8 Mining, Hive Blockchain, Riot Blockchain, and Argo Blockchain. These shares represent one third of BLOK’s capital.
The fund describes its investments as focused on ‘transformational data sharing technologies’.
BLOK is one of the best performing ETFs from 2021 to date, up 71.7% since the start of the year. So far in 2021, it registered the eighth highest return of all ETFs – and it ranks second when you exclude leveraged and inverse products. Among ETFs, BLOK is the largest hodler of both MicroStrategy and Marathon stocks.
The Nasdaq NexGen Economy ETF (BLCN) is the only other cryptocurrency-exposed ETF to rank among the top 100 ETFs by zero-inverse and leveraged YTD performance, coming in 82nd with a YTD gain of 23.15 %.
BLCN currently has $ 5.63 million in Marathon shares, $ 5.4 million in MicroStrategy, and $ 5.24 million in Square.
Largest holders by total value of assets
Measured by the total value of assets, the Vanguard Total Stock Market ETF (VTI) is the ETF with the heaviest allocations to cryptocurrency-exposed companies. The VTI currently represents $ 2.77 billion to Tesla, $ 478 million to Square, $ 29.4 million to MicroStrategy, and $ 11.38 million to Riot Blockchain. VTI also owns $ 516 million worth of Blackwater.
The iShares Core S&P Total US Stock Market ETF (ITOT) is the second largest fund by total exposure to crypto, with $ 450 million in Tesla, $ 4.4 million in MicroStrategy, $ 3.86 million in Marathon and $ 3 , 12 million to Riot.
The U.S. Securities and Exchange Commission has not yet ruled on seven applications for Bitcoin ETFs, including Fidelity Investments, Skybridge Capital, WisdomTree, Morgan Stanley and NYDIG, VanEck and Valkyrie Digital Assets.
The Purpose Bitcoin ETF began trading on the Toronto Stock Exchange in mid-February and has amassed approximately $ 1 billion in BTC since its inception. Canadian Ninepoint Partners and CI have also announced plans to convert their Bitcoin funds into ETFs.