The blockchain industry, often synonymous with extreme volatility and speculative excess, appears to be stabilizing. Sort of like Bitcoin (BTCUSD) is.
After a prolonged period of downward pressure, the Global X Blockchain ETF (BKCH) and its underlying stocks are showing signs of bottoming. This ETF is highly correlated to Bitcoin, which has surpassed the $80,000 mark, providing a necessary catalyst for the equities that power the digital asset infrastructure.
