With Donald Trump headed back to the White House, you may want to keep an eye on some of the top Trump-benefiting exchange traded funds (ETFs).
“ETFs tied to sectors that typically thrive under Republican policies, such as financials and energy, could see increased investor demand,” Tom Lydon, former vice chairman of VettaFi and an influential figure in the ETF community, said as quoted by CNBC. “For example, during Trump’s previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs.”
|
ETF: Over the last few days, the BITO ETF, which is a bullish Bitcoin ETF, ran from about $19 to a recent high of $22.41. BITO mimics the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money,
Over the last few days, the KRE ETF ran from about $58 to a recent high of $66.64. From here, we’d like to see it rally back to $75 near term. How would you like to collect a small percentage of the $4 billion changing hands daily in the crypto market?
|