To The Moon

🌟🌟🌟Bitcoin is up on Wednesday by almost 5% to USD 96,132.56 ahead of the Thanksgiving Holiday in the US.  $iShares Blockchain and Tech ETF(IBLC)$ has also risen by 7% too.    In fact IBLC is up 21% in just 1 month when Donald Trump won the US Presidential Election.  It has now skyrocketed by 51% year todate.  That's better than $SPDR S&P 500 ETF Trust(SPY)$  which is up 26% year todate. 

IBLC represents the best and strongest US and non US companies that are involved in the development, innovation and utilisation of Blockchain and Crypto Technologies. 

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

The Top 10 holdings weight is 72%.  Total number of holdings is 37.  The expense ratio is 0.47%, the lowest among competing ETFs.  Dividends are paid every 6 months.  The current dividend yield is 0.96%.  IBLC goes ex dividend on December 17 2024.

Coinbase $Coinbase Global, Inc.(COIN)$  is the largest Cryptocurrency Exchange in terms of trading volume.  Coinbase's share price has skyrocketed 98% year todate and in 2023 Coinbase has jumped 142%.  Coinbase is  the main  custodian for Spot Bitcoin ETFs as 10 of the 12 Bitcoin ETFs use Coinbase.   Coinbase is also the custodian of 8 of 9 Ethereum ETFs too.  This is because Coinbase is known for its quality, security and track records of its institutional custody solutions. 

$Marathon Digital Holdings Inc(MARA)$  is the world's largest Bitcoin Miner with a market capitalisation of USD 9.03 billion.  MARA wants to be the new MicroStrategy and currently holds USD 3.3 billion in Bitcoin.  MARA has executed a strategic USD 1 billion zero interest convertible note offering to acquire 6474 Bitcoin, bringing its total holdings to 34,797 Bitcoin just this week. MARA follows MicroStrategy's debt to Bitcoin strategy, signaling the growing institutional adoption of Cryptocurrency treasury management. 

MARA's share price is up 42% in just 1 month and 17% year todate.  In 2023, MARA has risen 117%.

$Core Scientific, Inc.(CORZ)$  is one of the largest owners and operators of high powered digital infrastructure for Bitcoin mining and high performance computing in the US.   Its offerings include hosting services for other Bitcoin Miners, comprehensive care for customers' digital asset mining equipment and sale of mining equipment. 

Core Scientific's share price is up 24% in the last month and a whopping 414% year todate. 

CleanSpark is a Crypto Miner that owns and operates data centers with an emphasis on clean energy infrastructure.  It uses hydro, solar and nuclear energy to mine and power its data centers.   Its share price is up 27% year todate and in 2023, CleanSpark is up 117%.

These are just 4 of the top holdings in IBLC.  It is not surprising that IBLC has done well as its holdings are outperforming the markets. 

I like IBLC for its low cost entry point at just USD 42.73.  In contrast, to invest in say Coinbase, it would require an outlay of USD 310.98.  IBLC also does the heavy lifting for me as it chooses the best performing Crypto companies and weed out the non performing ones. 

Wall Street Analysts are bullish on IBLC with an Average Target price of USD 73.82.  That is an upside potential of 72% according to Tipranks. 

As Bitcoin heads towards the USD 100,000 mark, IBLC is likely to move in the same upward trajectory.    I also like that IBLC pays dividends compared to  investing in Spot  Bitcoin ETFs.  IBLC holds the best crypto companies who provide the core foundation to support Bitcoin, from mining, trading and holding Bitcoin.  That's a powerful ETF in just 1 single trade.   Maximum value, minimum cost.  That's my favourite way to invest. 

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