A Bitcoin (BTC-USD) partnership between Coinbase Global (NASDAQ:COIN) and investment giant BlackRock has sparked an advance among blockchain and crypto related ETFs on Thursday.Based on the news, COIN is +18.1%, leading the rally in the sector. The stock is held across 126 exchange traded funds but the three funds that have the largest asset positions are the First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT), Fidelity Crypto Industry and Digital Payments ETF (NASDAQ:FDIG), and the Global X Blockchain ETF (NASDAQ:BKCH).CRPT has a 12.8% claim in COIN, classifying the ETF as the largest holder in the stock on the market. Meanwhile, FDIG and BKCH have weightings of 11.87% and 11.56%, respectively. Daily price action: CRPT is +2.8%, while FDIG has also gained 2.8% and BKCH jumped 3.9%.These three smaller ETFs have combined assets under management of roughly $25M. Despite Thursday's positive jolt, the funds are still trading significantly lower on the year. In 2022, CRPT is -55.8%, FDIG is -21.2% and BKCH is -64.4%.COIN’s rally has been attributed to the fact that the firm has teamed up with BlackRock to enable its institutional clients to trade Bitcoin.
XRP Price Prediction For 24 November
