Global X Blockchain Etf Profile
| BITS Etf | USD 99.90 1.31 1.33% |
Performance18 of 100
| Odds Of DistressLess than 46
|
Global X is selling for under 99.90 as of the 30th of November 2024; that is 1.33 percent increase since the beginning of the trading day. The etf's lowest day price was 99.5. Global X has 46 percent odds of going through some form of financial distress in the next two years but had a very solid returns during the last 90 days. Equity ratings for Global X Blockchain are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing directly or indirectly in equity securities of U.S. and non-U.S. G-X Blockchain is traded on NASDAQ Exchange in the United States. The company has 10.68 M outstanding shares of which 11.7 K shares are currently shorted by private and institutional investors with about 2.7 trading days to cover. More on Global X Blockchain
Moving together with Global Etf
| 0.99 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.99 | BITO | ProShares Bitcoin | PairCorr |
| 0.99 | BLOK | Amplify Transformational | PairCorr |
| 0.96 | BLCN | Siren Nasdaq NexGen | PairCorr |
| 0.99 | BITQ | Bitwise Crypto Industry | PairCorr |
Moving against Global Etf
Global Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Digital Assets, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2021-11-15 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 39 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Jay Jacobs, Pedro Palandrani, Andrew Little, Matt Kunke |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Oct |
| Exchange | NASDAQ |
| Number of Constituents | 5.0 |
| Market Maker | Susquehanna |
| Total Expense | 0.65 |
| Management Fee | 0.65 |
| Country Name | USA |
| Returns Y T D | 88.97 |
| Name | Global X Blockchain Bitcoin Strategy ETF |
| Currency Code | USD |
| Open Figi | BBG013J592N1 |
| 1y Volatility | 62.72 |
| 200 Day M A | 68.2957 |
| 50 Day M A | 75.5929 |
| Code | BITS |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Global X Blockchain [BITS] is traded in USA and was established 2021-11-15. The fund is listed under Digital Assets category and is part of Global X Funds family. The entity is thematically classified as Strategy ETFs. Global X Blockchain currently have 7.85 M in assets under management (AUM). , while the total return for the last 3 years was 3.2%.
Global X Blockchain currently holds about 4.03 M in cash with (2.24 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Check Global X Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X Blockchain Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global X Blockchain Etf Constituents
| BKCH | Global X Blockchain | Etf | Financial | |
| CLIP | Global X Funds | Etf | Ultrashort Bond |
Global X Blockchain Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1673 | |||
| Jensen Alpha | 0.4539 | |||
| Total Risk Alpha | 0.1541 | |||
| Sortino Ratio | 0.2276 |
Global X Against Markets
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Global X Blockchain. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of Global X Blockchain is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global X's market value can be influenced by many factors that don't directly affect Global X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.