Bitcoin ( BTC-USD ) retook the $18K handle on Thursday morning which has provided a topside push for Bitcoin Strategy exchange traded funds that track the price action of the digital token through managed futures contracts. Among the rising ETFs includes the likes of the ProShares Bitcoin Strategy ETF ( NYSEARCA: BITO ), Valkyrie Bitcoin Strategy ETF ( NASDAQ: BTF ) and the VanEck Bitcoin Strategy ETF ( XBTF ). Early on and BITO picked up 3.4% , BTF tracked higher by 3.8% , and XBTF gained 3.6% . All three funds are in the green as the underlying crypto asset moved higher by 4.2% to $18,200. On a broader stance the cryptocurrency also finds itself on pace to close positive for its fifth trading session in a row and looks to close above its 100-day moving average for the first time since early November. Aside from Bitcoin’s positive Thursday push the crypto asset also finds itself +10% in the early go of 2023. Moreover, aside from Bitcoin Strategy ETFs, blockchain funds have also come into focus. Four funds in particular that investors will watch closely are the Amplify Transformational Data Sharing ETF ( NYSEARCA: BLOK ), Bitwise Crypto Industry Innovators ETF ( BITQ ), Global X Blockchain ETF ( BKCH ), and the VanEck Digital Transformation ETF ( DAPP ). Some other notable developments in the crypto sphere was that FTX recovered $5B in liquid assets like cash and tradeable crypto, that may be sold to help repay creditors.
