In an X post on Tuesday, Bloomberg analyst Eric Balchunas revealed that certain crypto-themed ETFs have 'done the near-impossible' by beating the S&P 500 from January 2023 to date — with little or no exposure to Nvidia (NVDA).
Crypto-themed ETFs have outperformed the S&P 500 in their performance from 2023 until today. These ETFs achieved the feat with little or no exposure to Nvidia. Current crypto bull cycle may have contributed to their impressive performance. In an X post on Tuesday, Bloomberg analyst Eric Balchunas revealed that certain crypto-themed ETFs have done the near-impossible by beating the S&P 500 from January 2023 to date — with little or no exposure to Nvidia .
Considering Nvidia's graphics processing units are largely used by crypto mining companies, crypto-themed ETFs often invest in the company's stocks to benefit from its growing hardware demand. However, the following ETFs achieved the remarkable feat, having little to no investment in the GPU giant: VanEck Digital Transformation ETF US, 352.4%, 0.0%. Invesco Alerian Galaxy Crypto Economic ETF , 321.8%, 1.0%. Global X Blockchain ETF , 308.4%, 2.5%.
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