Is Trump's Election Win Good For Crypto Stocks?

🌟🌟🌟With Donald Trump's astonishing Presidential win last week, Bitcoin and Crypto stocks continue to rally strongly.  Bitcoin tops USD 80,000 for the first time over the weekend. This is Bitcoin's All Time High!  

A great way to capture the upward momentum is IBLC $iShares Blockchain and Tech ETF(IBLC)$  

IBLC represents the best of global companies that are involved in the development, innovation and utilisation of Blockchain and Crypto Technologies.  IBLC has been on a tear last week as it is up 26% in the past 5 days.  IBLC has risen 37% year todate and in 2023, it has skyrocketed 128%!

The Top 10 holdings include Coinbase, Mara Holdings, Core Scientific, CleanSpark, Terawulf, Riot Platforms, Iris Energy, Hut Corp, Cipher Mining and Nvidia. 

Top 10 holdings weightage is 71%.  Total number of holdings is 36.  The expense ratio is 0.47%, the lowest among competing ETFs.  For example $Amplify Transformational Data Sharing ETF(BLOK)$ expense ratio is 0.76%.

Dividends are paid every 6 months.  The current dividend is 1.2%.  IBLC goes ex dividend on December 17 2024.

Donald Trump's Election Win is seen as a positive development for cryptocurrencies and Crypto stocks.  2 areas to watch under his new administration could be the creation of a strategic Bitcoin reserve and growth in the Bitcoin mining sector. 

During Trump's speech at the Bitcoin 2024 conference in July this year, he promised to end the current administration's "Anti Crypto Crusade" and to replace SEC Chairman Gary Gensler.  He also proposed the creation of a Bitcoin stockpile.

Donald Trump spoke of further developing the Bitcoin mining industry in the US, claiming that he would like to see every Bitcoin made in America. 

Since Trump's election win, Crypto stocks have rallied.  $Coinbase Global, Inc.(COIN)$  is up a huge 50% in just 5 days.  Coinbase is the largest Cryptocurrency Exchange in the US in terms of trading volume.  Coinbase is also the main custodian of Bitcoin ETFs with 8 out of 11 Bitcoin ETFs using Coinbase. 

$Marathon Digital Holdings Inc(MARA)$  is up 21% in the past 5 days. MARA, formerly known as Marathon Digital is the largest publicly listed Bitcoin mining company in the US. 

Other Bitcoin Miners are also up.  $CleanSpark, Inc.(CLSK)$  is up 35% in the past 5 days. Core Scientific is up 32% just last week while Terawulf is also up 35%.

I like IBLC as it provides me with a low cost way to invest in these fast growing crypto companies and much more.  At the last closing price of USD 38.96, it is a much lower entry point than say Coinbase, which closed at USD 270.74.

IBLC is also well diversified and is managed by BlackRock under its iShares brand.  BlackRock is the world's largest asset manager since 2009 with Assets Under Management above USD 10 Trillion. 

IBLC does the heavy lifting for me to choose the best crypto stocks in IBLC and weeding out the non performing ones.  No need to decide which crypto stocks to buy nor worry about their individual performance.   

Exciting times are ahead for Bitcoin and Crypto stocks with the President Elect Donald Trump.  This may herald the golden era for Bitcoin and Crypto stocks with Bitcoin possibly hitting the USD 100,000 mark in the near future.   I am super excited that with IBLC ETF, my investment can be fast tracked like a rocket to the moon! 

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