Quick Take
Valkyrie Bitcoin Miners ETF: The Year’s Star Performer
According to Athanasios Psarofagis, the Valkyrie Bitcoin Miners ETF has distinguished itself as the top-performing ETF of 2023. As of July 27 data, the fund has a staggering $24 million in assets under management and has yielded an impressive return of 261% this year.
Crypto ETFs: A Rising Force in 2023
In an evident testament to the strong performance of crypto assets this year, all of the top 10 ETFs are based on crypto or digital assets. This trend underscores the robust growth and investor interest that cryptocurrencies and digital assets have witnessed in 2023.
Risk-On Assets Thrive in 2023
Interestingly, 50 ETFs have outperformed the popular QQQ ETF this year. The QQQ has reported a significant return of 42%, demonstrating that 2023 has been particularly favorable to risk-on assets. This data points to a broader market trend, where higher-risk investments generate considerable returns, further underlining the strength of crypto assets in the current market scenario.
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