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Crypto-Linked ETFs Are 2022’s Biggest Losers With 60% Drawdowns

  • Blockchain, crypto ETFs are this year’s worst performers
  • Minimal inflows means portfolio damage will be light: UBS
BitBase Cryptocurrency Exchanges After Record Week For Volatility
Photographer: Angel Garcia/Bloomberg
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Crypto-flavored exchange-traded funds are cluttering the industry’s worst-performing list so far this year. 

The six worst-performing, non-leveraged ETFs in the $6.6 trillion arena in 2022 are all crypto-linked equity funds, according to data compiled by Bloomberg. The $63 million Global X Blockchain ETF (ticker BKCH) is the biggest loser with a year-to-date drop of 64%.