Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Small-caps are playing a significant role in leading stocks higher off the February lows. For example, the Russell 2000 Index is up nearly 15 percent over the past 90 days, but investors still have some affinity for large- and mega-cap stocks.
Just look at the Guggenheim S&P 500 Top 50 ETF (NYSE: XLG). That exchange traded fund is higher by almost 13 percent over the past three months and XLG was one of just 22 ETFs to hit all-time highs on Wednesday. The $617.7 million XLG is just a couple of weeks shy of its eleventh anniversary. As its name implies, the ETF holds the 50 largest stocks in the S&P 500.
XLG previously followed the Russell Top 50 Mega Cap Index, which is comprised of the 50 largest companies from the Russell 1000 index. Even with the recent index swap, this is not the ETF for investors looking for mid- or small-cap exposure or even exposure to smaller large caps.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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