Summary

• Last week, I published an update on the crypto ETF landscape, but one area worth revisiting is crypto equities—particularly Bitcoin miners.
• Lower Bitcoin prices in addition to higher network competition weighed on profitability, making 4Q one of the most challenging quarters for the group.
• While there are several blockchain/crypto equity ETFs, there are only a couple of pure-play Bitcoin mining ETFs left after some earlier closures.

By Roxanna Islam, CFA, CAIA

Last week, I published an update on the crypto ETF landscape, but one area worth revisiting is crypto equities—particularly Bitcoin miners. For many investors, miners can seem too niche, too volatile, or simply redundant

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