Riot’s Cryptocurrency Mining Success Sparks Investor Interest in New Defiance ETF – VanEck Digital Transformation Fund (NASDAQ:DAPP) and Amplify Transformative Data Sharing Fund (ARCA:BLOK)

Bitcoin mining and digital infrastructure giant Riot pads Riot control Currently in focus In the world of blockchain.

According to its December operations update, steady growth in Bitcoin production and infrastructure development ruled 2024.

With approximately 17,722 Bitcoins on its balance sheet and worth around $4.4 billion, Riot isn’t just mining Bitcoin. The company is expanding its roots in the decentralized digital asset economy, making it a leader in the cryptocurrency mining space.

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The perfect storm for ETFs running riot

Defiance ETF recently Fired It is an unusual fund that provides daily leveraged target exposure of 200% to Riot’s stock price.

the Defiance Daily Target 2X Long RIOT ETF riox It uses a combination of short-term call options and swap agreements to achieve leveraged exposure while effectively managing volatility risk.

The fund’s net expense ratio is 0.95% which is on the higher side but given the uniqueness of the offering, the expense ratio seems reasonable. The ETF has raised more than $1.48 million in assets under management already.

The ETF allows investors to gain exposure indirectly to the broader blockchain industry as it continues to face regulatory and macroeconomic challenges and expand.

Riot’s growing clout and the launch of RIOX could benefit other ETFs with exposure to cryptocurrency stocks, especially Riot. Amplify the transformational data exchange enterprise block and Van Eck Foundation for Digital Transformation Dab Two other ETFs hold Riot stock and other cryptocurrency stocks in their portfolios, and benefit from Riot’s market performance.

The Amplify Transformational Data Sharing ETF gives a weight of 2.18% to Riot, and has an expense ratio of 0.76%. Meanwhile, the VanEck Digital Transformation ETF holds 5.72% in Riot, and features a lower expense ratio of 0.51%.

Bitcoin Prices have rebounded recentlycoupled with Riot’s strong portfolio and growth strategy creates a compelling opportunity. The launch of the Defiance Daily Target 2X Long RIOT ETF is a timely response to growing investor interest in instruments with targeted exposure to high-performing, disruptive companies like Riot. Experienced investors looking for Riot’s short-term price movements without the need for margin accounts are best suited to try this fund.

Riot and promising Bitcoin mining numbers emerged at the same time that Bitcoin rose 10% over the past week. The coin reclaimed the $102,000 level on January 6 and recovered its losses from early December, when it fell to a level just below $92,000 on December 30. The recovery has led to optimism in the cryptocurrency market, driven by bullish sentiment surrounding Donald Trump’s expected crypto. -Friendly policies.

US-listed spot Bitcoin ETFs recorded inflows of $987 million on January 6. This is the highest level since November 21, according to data from SoSoValue. This rise in Bitcoin prices often indicates a potential rise in altcoins.

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