Nvidia (NVDA), an American technology company renowned for its GPUs and AI ventures, has emerged as a significant driver of top-performing Exchange-Traded Funds (ETFs) over the past 18 months, according to a recent report. According to Bloomberg, the best-performing ETFs in the United States held exposure to Nvidia in some form or another, while the […]
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- Only 96 ETFs performed well with very little or zero exposure to Nvidia.
- Investors with no NVDA exposure turned to crypto products.
- Crypto ETFs like VanEck’s DAPP and Bitwise’s BITQ performed well.
Nvidia (NVDA), an American technology company renowned for its GPUs and AI ventures, has emerged as a significant driver of top-performing Exchange-Traded Funds (ETFs) over the past 18 months, according to a recent report.
According to Bloomberg, the best-performing ETFs in the United States held exposure to Nvidia in some form or another, while the worst-performing investment products had none. The AI trendsetter’s shares have surged more than 2,000% in the past 18 months, briefly making Nvidia the world’s most valuable company.
Only around 96 ETFs, out of more than 2,000 products, performed well with little or no exposure to NVDA, including crypto-focused ETFs like the VanEck Digital Transformation ETF (DAPP) and the Bitwise Crypto Industry Innovators ETF (BITQ), Bloomberg reported. Some thematic funds focused on IPOs, cloud computing, and cybersecurity also delivered decent returns without Nvidia exposure.
The post How Nvidia Is Inadvertently Fueling the Next Crypto Boom appeared first on Coin Edition.
