24/7 Wall Street
12 Jun 2026, 15:44 UTC · 2h ago
Forget Bitcoin ETFs: This Crypto Stock Fund Is Up 11% YTD While Bitcoin Drops 29%
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

24/7 Wall Street
12 Jun 2026, 15:44 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

What the story claims
3 claims · each scored for market impact
Bitcoin has experienced a significant price collapse, declining 43.12% over the past year and 29.36% year-to-date as of June 2026. — A massive decline in the primary crypto asset severely dampens risk appetite across the digital asset ecosystem.
-0.80Major crypto mining companies like Hut 8, Cipher Mining, and TeraWulf are pivoting their hash-rate capacity toward AI data center hosting. — The transition to AI compute creates recurring revenue streams and a non-crypto tailwind that decouples these stocks from Bitcoin's price.
+0.60The Amplify Transformational Data Sharing ETF (BLOK) has outperformed spot Bitcoin ETFs, gaining 11.09% year-to-date despite the coin's decline. — This demonstrates a rotation into 'picks-and-shovels' crypto equities that monetize the ecosystem regardless of token price.
+0.40Which stocks this story touches
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The company is successfully pivoting hash-rate capacity toward AI data centers, driving gains.
The company is shifting capacity toward AI data centers, contributing to a rise in NAV for the BLOK ETF.
Management is repositioning toward long-term contracts in AI data centers to create recurring revenue.
Listed as a top holding in the winning BLOK ETF benefiting from the AI pivot.
Listed as a top holding in the winning BLOK ETF benefiting from the crypto ecosystem.
Listed as a top holding in the winning BLOK ETF benefiting from the crypto ecosystem.
Listed as a top holding in the winning BLOK ETF benefiting from the crypto ecosystem.
The fund is tracking a coin that has declined significantly year-to-date and over the past year.
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1d ago