BITS 📈 Global X Blockchain & - Overview
Exchange: NASDAQ • Country: USA • Currency: USD • Type: Etf • ISIN: US37960A8751 • Digital Assets
BITS: Blockchain companies, Bitcoin Futures
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. 'Blockchain Companies' and in long positions in U.S. listed bitcoin futures contracts. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Blockchain Companies and in long positions on U.S. listed Bitcoin Futures contracts. It is non-diversified.
Additional Sources for BITS ETF
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
BITS ETF Overview
| Market Cap in USD | 42m |
| Category | Digital Assets |
| TER | 0.65% |
| IPO / Inception | 2021-11-15 |
BITS ETF Ratings
| Growth 5y | 12.4% |
| Fundamental | - |
| Dividend | 30.4% |
| Rel. Strength Industry | 114 |
| Analysts | - |
| Fair Price Momentum | 87.25 USD |
| Fair Price DCF | - |
BITS Dividends
| Dividend Yield 12m | 0.42% |
| Yield on Cost 5y | 0.39% |
| Annual Growth 5y | 69.73% |
| Payout Consistency | 51.5% |
BITS Growth Ratios
| Growth Correlation 3m | 86.1% |
| Growth Correlation 12m | 61.3% |
| Growth Correlation 5y | 43% |
| CAGR 5y | -2.30% |
| CAGR/Mean DD 5y | -0.04 |
| Sharpe Ratio 12m | 0.97 |
| Alpha | 14.77 |
| Beta | 1.73 |
| Volatility | 66.83% |
| Current Volume | 32.5k |
| Average Volume 20d | 10.4k |
What is the price of BITS stocks?
As of December 27, 2024, the stock is trading at USD 90.78 with a total of 32,500 shares traded.
Over the past week, the price has changed by -0.65%, over one month by -0.50%, over three months by +33.45% and over the past year by +63.52%.
As of December 27, 2024, the stock is trading at USD 90.78 with a total of 32,500 shares traded.
Over the past week, the price has changed by -0.65%, over one month by -0.50%, over three months by +33.45% and over the past year by +63.52%.
Is Global X Blockchain & a good stock to buy?
Neither. Based on ValueRay Analyses, Global X Blockchain & is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 12.36 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITS as of December 2024 is 87.25. This means that BITS is currently overvalued and has a potential downside of -3.89%.
Neither. Based on ValueRay Analyses, Global X Blockchain & is currently (December 2024) neither a good nor a bad stock to buy. It has a ValueRay Growth Rating of 12.36 and therefor a technical neutral rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BITS as of December 2024 is 87.25. This means that BITS is currently overvalued and has a potential downside of -3.89%.
Is BITS a buy, sell or hold?
Global X Blockchain & has no consensus analysts rating.
Global X Blockchain & has no consensus analysts rating.
What are the forecast for BITS stock price target?
According to ValueRays Forecast Model, BITS Global X Blockchain & will be worth about 99.3 in December 2025. The stock is currently trading at 90.78. This means that the stock has a potential upside of +9.33%.
According to ValueRays Forecast Model, BITS Global X Blockchain & will be worth about 99.3 in December 2025. The stock is currently trading at 90.78. This means that the stock has a potential upside of +9.33%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 99.3 | 9.3% |