Best ETFs of the week: Gold and Crypto ETFs

Gold finds its shine, Bitcoin flirts with the $40,000 mark

Crypto, one of most the speculative asset class and Gold, the market’s go-to safe haven both fared well last week. This is something crypto fanatics and gold devotees can simultaneously brag about at dinner parties, instead of the usual clash between the clans. 

The crypto rally was fueled by Amazon’s accepting digital currency speculation, which was later refuted and the posting of “Digital Currency and Block Chain Product Lead” job opening on their website. The rumors lifted Bitcoin to the $40,000 mark and was celebrated by top BTC endorsers CEOs Jack Dorsey (Twitter Inc.) and Michael Saylor (MicroStrategy).

More than a dozen of Crypto ETFs are present in this European top, led by BTCetc Bitcoin Exchange Traded Crypto ETC – USD, generating a +24.14% return over the week. We can see the same pattern in America, with Bitcoin ETFs dominating our weekly top 10. The best performer in that region is the Purpose Bitcoin ETF - CAD Hedged accumulating a weekly return of +24.2%. Note that both ETFs only invest in and hold 100% physically settled Bitcoin.

Gold bounced back as risk-off mode kicked off with the latest U.S Q2 GDP and weekly initial jobless claims data. US GDP grew at annual rate of 6.5% in Q2, well below expectation of 8.2% while the jobless claim dropped to 400k, worse than expected (365k). Globally, fear of economic shutdown amidst the rising cases of delta variants was also a catalyst for the shiny metal.

ETFs holding physical gold, junior or major gold miners reaped the benefits of the recent gold price rally and came in second place behind their digital nemesis.

In Europe, The AuAg ESG Gold Mining UCITS ETF (ESGO) by Han ETF, posted +6.00% in weekly return.

This ETF seeks to offer exposure to an equal-weighted basket of 25 ESG screened companies that are active in the gold mining.  While on the other side of the Atlantic, the SPDR S&P Metals and Mining ETF – USD (XME) put a smile on its investors’ faces, netting a weekly return of +6.95%.

With $1,953.90 M in assets, XME is one the largest ETFs seeking to provide exposure to the metals & mining segment and tracks the S&P® Metals and Mining Select Industry® Index. 

Top 10 ETFs of the Week: Gold ETFs and Crypto ETFs

Europe

• BTCetc Bitcoin Exchange Traded Crypto ETC: +24.14%
• Bitcoin Tracker Euro ETC: +23.15%
• Bitcoin Tracker One ETC: +22.94%
• CoinShares Physical XRP: +20.92%
• 21Shares Ripple XRP ETP: +20.46%
• CoinShares Physical Bitcoin: +19.54%
• 21Shares Bitcoin ETP:  +19.13%
• Iconic Funds Physical Bitcoin ETP: +19.09%
• WisdomTree Bitcoin ETP: +19.07%
• 21Shares Bitcoin Cash ETP: 18.69%

Americas

• Purpose Bitcoin: +24.2%
• CI Galaxy Bitcoin: +23.5%
• Bitcoin ETF: +20.03%
• Purpose Ether: +18.34%
• CI Galaxy Ethereum: 17.87%
• 3iQ CoinShares Ether: 16.88%
• Evolve Ether: +13.32%
• Viridi Cleaner Energy Crypto-Mining & Semiconductor: +11.87%
• Bitwise Crypto Industry Innovators: +10.71%
• Global X Blockchain: +9.15%

Keep reading:

• Worst ETFs of the week: China ETFs
• New ETF launches: Chinese Emerging Tech, Global SaaS and Green Friendly EU ETFs

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