Bitcoin Powers Big Returns for a Pair of ETFs

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Bitcoin boosted the returns of two of the top-performing exchange-traded funds last year, signaling that some fund companies aren’t waiting for regulators to approve a U.S. fund devoted exclusively to the cryptocurrency. Bitcoin is the largest holding of two ETFs from Ark Investment Management, a New York-based investment firm that owns shares in a trust that holds bitcoin. Both funds returned more than 97% since the end of 2016, according to FactSet.

Source: Bitcoin Powers Big Returns for a Pair of ETFs – WSJ

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