Blockchain (BKCH) Hits New 52-Week High
Global X Blockchain ETF BKCH is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 174.1 % from its 52-week low price of $28.22/share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
BKCH in Focus
The underlying Solactive Blockchain Index provides exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The product charges 50 bps in annual fees.
Why the Move?
The fund’s top holding is Coinbase, which accounts for approximately 14.58% of the fund’s weight. Coinbase shares soared 7.6% on May 16, 2025. The stock has performed well recently (despite some occasional fluctuations), driven by Bitcoin’s strong performance and its inclusion in the S&P 500 index.
What Lies Ahead?
The ETF BKCH might falter in the near term, with a negative weighted alpha of 2.67.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Global X Blockchain ETF (BKCH): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
Source Zacks-com
