Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million
- The crypto-linked funds buck adage: Flows follow performance
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Not even 2023’s eye-watering rallies can lure badly burned exchange-traded fund investors back to crypto after last year’s beating.
The top five best-performing non-leveraged ETFs in 2023 are all crypto-linked, led by the Valkyrie Bitcoin Miners ETF (ticker WGMI)’s 119% rally. However, the group has attracted just $12 million of inflows so far this year — a fraction of the $118 billion that’s poured into the industry overall.