Zcash (ZEC), Horizen (ZEN) and Hedget (HGET) rise as altcoins rise


Three of Cathie Wood’s funds traded on the ARK bought nearly $ 246 million on the trading day to Coinbase Global Inc. (COIN) shares. Another fund, Amplify Transformational Data Sharing ETF (BLOK), also bought COIN shares. These purchases show that ETFs are eager to buy into the crypto growth story.

Crypto market data daily view. Source: Coin360

However, Blackrock CEO Larry Fink has a different point of view. Fink said institutional investors were fascinated with crypto, but that didn’t translate into demand from institutions around the world.

One of the reasons the fascination didn’t turn into question could be the surge in Bitcoin and other cryptocurrencies. A new survey of professional investors by Bank of America shows that 74% of respondents believe Bitcoin (BTC) is in a bubble.

Such criticism is not new to cryptocurrencies. Traders who ignore the noise and buy fundamentally strong coins generally tend to make huge profits in the long run.

Let’s retouch three tokens that Cointelegraph analyzed earlier this year to see if they have continued their upward trajectory.