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Crypto ETFs roar into life with eye-popping 2023 returns

Rebound has extended to tech funds such as ARKK, which has risen 25% this year

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A swarm of cryptocurrency-focused equity exchange traded funds have enjoyed astonishing starts to 2023, chalking up sharp gains rarely seen by diversified stock funds.

The $3.9mn Valkyrie Bitcoin Miners ETF (WGMI) has led the way with a 101 per cent return since the turn of the year, but a flock of rival funds have also chalked up gains of between 40 and 80 per cent.

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