In this piece, we will take a look at the five best performing actively managed ETFs in 2023. For more details about what ETFs are all about and what forces are driving stock market performance right now in the fourth quarter, check out the 10 Best Performing Actively Managed ETFs in 2023.
5. Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI)
Year to date returns: 114.09%
Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is an equity exchange traded fund that was set up in 2022. It has $19.64 million in net assets and is part of the Valkyrie ETF Trust II fund family. As you might have guessed by its title, the Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) invests in primarily companies that mine bitcoin. More than 95% of its holdings are in stocks, and some top stock picks are Cipher Mining Inc. (NASDAQ:CIFR), CleanSpark, Inc. (NASDAQ:CLSK), and Marathon Digital Holdings, Inc. (NASDAQ:MARA).
4. VanEck Bitcoin Strategy ETF (BATS:XBTF)
Year to date returns: 114.59%
VanEck Bitcoin Strategy ETF (BATS:XBTF) is an exchange traded fund with $56 million in net assets. It was set up in 2021 and is part of the VanEck fund family. While some other ETFs on our list seek to benefit from the cryptocurrency sector by investing in stocks, the VanEck Bitcoin Strategy ETF (BATS:XBTF) is a bitcoin ETF that invests in futures contracts. 2023 has been a good year for this fund, as its 70% returns in Q1 were the highest on record.
3. Valkyrie Bitcoin and Ether Strategy ETF (NASDAQ:BTF)
Year to date returns: 117.49%
Valkyrie Bitcoin and Ether Strategy ETF (NASDAQ:BTF) is part of the Valkyrie ETF Trust II fund family. It has $31 million in net assets and was set up in 2021. Like the VanEck Bitcoin Strategy ETF (BATS:XBTF), the Valkyrie Bitcoin and Ether Strategy ETF (NASDAQ:BTF) also invests in bitcoin contracts. Among its top five holdings, two belong to U.S. Treasury bills dated December 2023 and January 2024, two are bitcoin futures for November 2023, and the remaining is cash.
2. GraniteShares 1.5x Long META Daily ETF (NASDAQ:FBL)
Year to date returns: 301.21%
GraniteShares 1.5x Long META Daily ETF (NASDAQ:FBL) is the third long exchange traded fund on our list. Like the 1.25x Long Tsla Daily and 1.75x Long Aapl Daily ETFs, this ETF focuses on profiting from the share price appreciation in the shares of Meta Platforms, Inc. (NASDAQ:META). The GraniteShares 1.5x Long META Daily ETF (NASDAQ:FBL) is one of the youngest ETFs on our list since it was set up less than a year back in December 2022.
1. GraniteShares 1.5x Long NVDA Daily ETF (NASDAQ:NVDL)
Year to date returns: 420.91%
GraniteShares 1.5x Long NVDA Daily ETF (NASDAQ:NVDL) marks the conclusion of the list of 2023’s best performing ETFs by being an ETF that invests in one of the best performing technology stocks this year, the shares of chip designer NVIDIA Corporation (NASDAQ:NVDA). When compared to the other long ETFs on our list, this one has the highest value of net assets, which currently sits at $193 million.
Disclosure: None. You can also take a look at 14 Best Cyclical Stocks To Invest In and 10 Best Regional Bank ETFs.
