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Global X Blockchain ETF (BKCH) Surges 174% to 52-Week High: What’s Next?
Global X Blockchain ETF (BKCH) is likely attracting attention from investors seeking momentum plays. The fund recently reached a 52-week high and has surged 174. 1% from its 52-week low price of $28. 22 per share. Could this ETF continue to climb?Let’s briefly examine the fund and its near-term prospects to better understand its potential direction. BKCH Overview The fund tracks the Solactive Blockchain Index, which offers exposure to companies positioned to benefit from ongoing advancements in blockchain technology.
The ETF carries an annual expense ratio of 0. 50%. Reasons Behind the Rally Coinbase is the fund’s largest holding, making up about 14. 58% of its portfolio. On May 16, 2025, Coinbase shares jumped 7. 6%. The stock’s recent strong performance—despite occasional volatility—has been fueled by Bitcoin’s robust gains and Coinbase’s addition to the S&P 500 index. Looking Forward BKCH may face some short-term challenges, indicated by a negative weighted alpha of 2. 67. This article was originally published by Zacks Investment Research (zacks. com). Zacks Investment Research
Brief news summary
The Global X Blockchain ETF (BKCH) has attracted investor attention, recently hitting a 52-week high and rising 174.1% from its low of $28.22 per share. This impressive momentum is driven by exposure to companies benefiting from advances in blockchain technology, as tracked by the Solactive Blockchain Index. With an annual fee of 0.50%, BKCH offers targeted access to the blockchain sector. A key contributor to the fund’s strong performance is its largest holding, Coinbase, which makes up about 14.58% of the portfolio. Coinbase shares climbed 7.6% on May 16, 2025, bolstered by strong Bitcoin performance and the stock’s S&P 500 inclusion. Despite recent gains, the near-term outlook for BKCH appears cautious, with a negative weighted alpha of 2.67 suggesting potential short-term weakness. Investors should consider these factors when evaluating the ETF’s future prospects. This analysis was originally published by Zacks Investment Research.
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