Crypto
Crypto Influence Spreads Through Two Major US Stocks
A $4.5 billion US large-cap stock fund has seen two crypto-sensitive companies take top spots in its portfolio.
The Fundstrat Granny Shots US Large Cap ETF's Sept. 4 holdings snapshot ranked Strategy (MSTR) first at 3.02% and retail financial platform Robinhood Markets (HOOD) second at 2.99%. Together they represented 6.01% of the portfolio.
GRNY owns equities, not Bitcoin, but its two largest holdings connect shareholders to crypto through public companies: Strategy's Bitcoin treasury and Robinhood's trading business that includes crypto.
The ranking followed an equal-weight reset on Aug. 21, after which MSTR rallied from $119.25 to $144.82, a gain of about 21.4%.