Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary
Research > ETFs > ETF / ETP Commentary > 

Are Investors Sleeping on Bitcoin Funds in 2026?

BY | ETF Database
12:35 pm ET 06/24/26 | 1 VIEW
Bitcoin just hit a two-week low this week and there are signs that headwinds are growing. The new Fed chair’s policy plans have cast some doubt on the “debasement trade” believers — those who look to gold, silver, and Bitcoin as protection when government spending and deficits weaken the dollar. However, there is another side to the coin suggesting that investors might actually be underrating Bitcoin’s potential to close out the year on a strong note.Key Takeaways: Bitcoin has fluctuated significantly this year, dropping from its 2025 high above $100,000. Notably, some Bitcoin ETFs like DECO have continued to thrive amid that drop. Active ETFs can provide a deep, fundamentals-driven approach to the firms enabling blockchain and digital assets. So yes, Bitcoin has fallen off in price — more than a bit — since exceeding its $100,000 high in 2025. Currently sitting at around $60,000, the crypto powerhouse has been reduced to nearly half its value over the past year. However, that hasn’t stopped the BlackRock Investment Institute from recommending a 1-2% Bitcoin allocation for multi-asset portfolios.  Perhaps more notable, is the fact that while this price fall off has been occurring, Bitcoin and digital asset infrastructure ETFs have been performing exceptionally well.  Take, for example, the State Street Galaxy Digital Asset Ecosystem ETF (DECO ). Charging a 65 basis point fee, the fund actively invests in firms poised to stand out in the blockchain and crypto landscapes. DECO also gains exposure to price movements via other ETFs and futures contracts. Its active management allows it to apply fundamental, bottom-up analysis to ensure it finds the right names. See more: Half a Billion in 1 Month: TSPA’s Active Take on the S&P 500 ETF Together, that has helped the fund return a strong 79.3% YTD and a remarkable 167% over the last 12 months. Per YCharts data, DECO’s price sits well above its 50 and 200-day Simple Moving Averages (SMAs). This is typically a sign that indicates momentum with a security.  DECO currently holds key tech names like Nvidia (NVDA), with Riot Platforms (RIOT), as its top holding. RIOT specializes in digital infrastructure and is up a remarkable 96% YTD. Together, even as the price of Bitcoin faces some headwinds, the infrastructure around it offers both tech appeal and long-term value as the foundation for digital assets. For more news, information, and strategy, visit ETFdb.

More Commentary

Private Credit Sees Rise in Acceptance For DC Plan Portfolios
BY | ETF Database
7:39 am ET 06/24/26 | 25 VIEWS
Long-Term Outlook Brightens for This Nuclear ETF
BY | ETF Database
6:10 am ET 06/24/26 | 51 VIEWS
State Street Goes Heads Up With Qs, Launches Nasdaq 100 ETF
BY | ETF Database
9:49 am ET 06/24/26 | 17 VIEWS
View more Commentary

Search Commentary

Enter Keyword(s)
Filter Results

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.