Shares of cryptocurrency mining companies are leading the rise on the Nasdaq exchange

  • 22:20 Jan 16, 2023
Shares of cryptocurrency mining companies are leading the rise on the Nasdaq exchange

In contrast to the hard previous year, during which securities of mining companies lost up to 90% of their value, the current year was marked by a significant rise in quotations. For example, Marathon Digital records more than a two-fold increase in the value of its shares.

The Bitcoin Miners ETF has also seen a significant rise in the price of 40%. This Valkyrie-owned exchange-traded investment fund works with stocks of public miners and high-tech giants. Intel, for example. More than half of the securities in which Bitcoin Miners ETF invests belong to major cryptocurrency mining players: Bitfarms, Argo Blockchain, etc.

The lowest yields were shown by ETFs that work with BTC futures. In particular, this applies to the Canadian Purpose Bitcoin ETF. It is the world's first ETF, which directs funds provided by investors into bitcoin. The rally that bitcoin has shown in recent days has caused the fund's units to rise.

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