Down-under crypto ETFs weren't so hot. Two crypto-related ETFs gave Aussie investors the worst returns over 2022, the story played out similarly in the US.
in Oct. 2022 as declining interest in crypto saw the funds' net asset value dip below $1 million.
U.S.-based ETFs have seen a similar pattern as the top four worst-performing ETFs are crypto-related according to ETF.comThe worst performer was the Viridi Bitcoin Miners ETF aiming to provide exposure to publicly listed crypto miners such as Riot and CleanSpark. It provided investors with a negative 87% return YTD.
DAPP and BITQ gave investors a YTD negative return of nearly 86% and 84.5% respectively while CRPT was down nearly 81.5% over the same time.However, the losses this year haven't been limited to the crypto industry alone. Over the past year, U.S. bonds, stocks and even real estate have recorded their worst-performing year in decades, and in some cases, centuries.
A traditional portfolio consisting of a respective 60/40 mix of stocks and bonds has seen the worst performance since theMAMAA stocks, the collective name for Big Tech players Meta, Apple, Microsoft, Amazon, and Alphabet have seen share price falls of up to 70% over the year. Meanwhile, the cryptocurrency market cap fell around 64.5% over the year.
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