Key stats
About Global X Blockchain & Bitcoin Strategy ETF
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Inception date
Nov 15, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ISIN
US37960A7274
BITS pursues its objective by investing in a mix of equity securities of blockchain companies and long positions on US-listed bitcoin futures. Blockchain companies include those involved in crypto mining, blockchain and digital asset, transactions, applications, hardware and integration, and may include those with direct ownership of digital assets. Such exposure could be obtained directly or indirectly through ETFs, especially those of Global X, while exposure to bitcoin futures is obtained through its wholly-owned Cayman Islands subsidiary which made up roughly 25% of the portfolio. Allocation to these two assets is determined by a variety of criteria. For example, greater exposure could be placed on bitcoin futures during periods of low anticipated cost of carry. Conversely, greater exposure to equities during periods where valuation measures present attractive relative value based on forward price-to-earnings or price-to-sales ratios.
Related funds
Classification
What's in the fund
Exposure type
ETF
Mutual fund
Bonds, Cash & Other100.00%
ETF80.80%
Mutual fund17.72%
Cash1.48%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BITS trades at 79.56 USD today, its price has fallen −0.16% in the past 24 hours. Track more dynamics on BITS price chart.
BITS net asset value is 78.91 today — it's risen 3.19% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BITS assets under management is 34.98 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BITS price has risen by 1.88% over the last month, and its yearly performance shows a 39.85% increase. See more dynamics on BITS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.19% over the last month, showed a 14.98% increase in three-month performance and has increased by 77.09% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.19% over the last month, showed a 14.98% increase in three-month performance and has increased by 77.09% in a year.
BITS fund flows account for 5.42 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BITS invests in funds. See more details in our Analysis section.
BITS expense ratio is 0.65%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BITS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BITS technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITS shows the buy signal. See more of BITS technicals for a more comprehensive analysis.
Today, BITS technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BITS shows the buy signal. See more of BITS technicals for a more comprehensive analysis.
Yes, BITS pays dividends to its holders with the dividend yield of 24.88%.
BITS trades at a premium (0.19%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BITS shares are issued by Mirae Asset Global Investments Co., Ltd.
BITS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 15, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.