Are crypto stocks outperforming cryptocurrencies?

Several crypto-related stocks and funds have staged a spectacular rally this year, outperforming major cryptocurrencies, despite U.S. regulators’ ongoing scrutiny of the industry.

Do crypto-related stocks outperform major tokens in a downtrend?

Crypto-related stocks tend to outperform major tokens during an upward trend, and underperform in a downtrend, analysts at Alliance Bernstein led by Gautam Chhugani wrote, in a recent note. In 2022, crypto mining stocks on average lost more than 90%, while bitcoin recorded an over 60% loss, according to the analysts.

Is the First Trust Indxx innovative transaction and process ETF a crypto ETF?

It’s easy to take a quick look at the First Trust Indxx Innovative Transaction and Process ETF’s ( NASDAQ:LEGR) top couple of holdings and think, “Hey, wait a minute, isn’t this supposed to be a crypto ETF?” Its top three holdings are Nvidia ( NASDAQ:NVDA ), Amazon ( NASDAQ:AMZN ), and Microsoft ( NASDAQ:MSFT ).