The technology-driven Nasdaq 100 can undergo a historical shift because it will be 40 this week.
According to Todd Sohn from Strategy Securities, cryptocurrency companies can feed the following wave of profit.
“Bitcoin is to crypto as the QQQ … is on shares of the technological type, “the listed fund and the technical strategist of the company told CNBC’s” ETF Edge “this week.Bitcoin Become the biggest. The QS will be the largest. “
From the end of Thursday, the Nasdaq 100 has increased 17.106% since he was 319,1985 in January, Inception. President Donald Trump’s elections helped to feed Bitcoin record heights due to high expectations of deregulation. The cryptocurrency acts around the $ 104,000 level.
Sohn thinks a build -out of the crypto universe is already taking shape.
“I think that is already happening on the basis of some of the recent archives we have seen,” he said.
Sohn also delves into the popularity of the crypto options activities.
“With Crypto you can now build a risk management,” said Sohn. “Say … I want to get some benefit, but I would like income. So I’m going to buy a covered call crypto ETF … Just to limit any volatility and keep the weekly or monthly income flows. So this is all kind important things that continue to happen through [the] Nasdaq. “
The crypto ETF market has been booming. According to FactSet, BlackRock’s Ishares Bitcoin Trust ETF (IBIT), which was launched on January 5, 2024, and transactions on the Nasdaq, has collected more than $ 58 billion in assets from Tuesday.
Nasdaq President Nelson Griggs sees the clarity of the regulations as a key factor in the future growth of crypto.
“A whole sector is being developed around something like Digital Crypto. And now possibly more clarity about the rules of what it actually is,” said Griggs in the same interview.