Finally, the sixth tenet of Dow theory suggests that trend reversals should be treated with suspicion and caution, as reversals in primary trends can simply be confused with secondary trends. Crypto trends Bitcoin’s market dominance has hit a fresh 30-month high following its recent rally. The world’s leading cryptocurrency by market cap has added more than 20% to its value in the last seven days, outperforming numerous altcoins in the process.
Despite its low assets under management, or AUM, of around $47 million, investors may like XBTF over BITO due to its lower expense ratio. By undercutting BITO with a 0.66% expense ratio, XBTF may appeal to cost-conscious investors. Still, 0.66% is fairly expensive when considering that index-based equity ETFs like the Vanguard S&P 500 ETF (VOO) can be had for 0.03%. New AI Stocks Infographic The sector's positive performance comes after bitcoin, the world's largest cryptocurrency, surged to a 16-month high of $35,000 alongside growing optimism that a spot ETF will soon win approval in the U.S.