Top Performing ETFs: Bitcoin, AI, and Gold Shine – Weekly Update
The stock market had a great week last week, with some key ETFs like SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average ETF Trust, and Invesco QQQ Trust, Series 1 all showing positive gains. NVIDIA also did well in terms of earnings, beating expectations, although they provided a more conservative outlook for the future. Tesla saw a 3.5% increase in share price due to talks of potential regulatory easing for self-driving cars under Donald Trump’s administration.
Last week was a good one for Bitcoin, AI, and gold enthusiasts, with STKD Bitcoin & Gold ETF BTGD gaining 16.3%. Bitcoin ETFs like Leveraged Bitcoin ETF 2x Bitcoin Strategy ETF BITX and ARK 21Shares Bitcoin ETF ARKB also saw strong gains, reflecting the overall positive sentiment towards Bitcoin. Many experts predict that Bitcoin could hit $100,000 this year, especially with the potential policy changes under a Trump presidency.
In the AI sector, Global X Hydrogen ETF HYDR and Defiance Next Gen H2 ETF HDRO both saw gains of about 12% last week. The increasing demand for clean energy sources like Hydrogen is driving these ETFs higher, as they offer a sustainable alternative to fossil fuels.
Gold also had a fantastic week, with SPDR Gold Trust GLD gaining about 4%. Goldman Sachs is bullish on gold for 2025, citing concerns over geopolitical uncertainties and the need for inflation hedging. Central banks have been buying gold at a rapid pace since 2022, which could continue in the face of ongoing financial concerns.
Overall, the stock market is expected to see more modest returns in 2025 after two strong years of growth. If this trend continues, gold ETFs could be a good option for investors looking to diversify their portfolios. Themes Gold Miners ETF AUMI and Sprott Gold Miners ETF SGDM also saw gains last week, adding to the positive outlook for gold investments.
