Fidelity Crypto ETF FDIG Leads Market with Strong Returns Amid Dollar Concerns
The Fidelity Crypto Industry and Digital Payments ETF (FDIG) has stood out this year, delivering returns to investors. With a focus on crypto infrastructure firms and digital assets names, FDIG has provided exposure to companies like Coinbase (COIN), which is currently the largest stock by weight in its portfolio.
The fund's approach has been successful, with FDIG returning 33.98% on a NAV basis over the last three years, outperforming its benchmark of 20.48%. This strong performance may be due to the growing interest in digital assets and crypto amid concerns about the dollar.
In fact, FDIG's strategy requires companies to derive at least 50% of their revenue from relevant spaces, such as crypto and blockchain. The fund focuses mostly on crypto stocks, with digital payments making up a smaller part of its portfolio.