Zcash (ZEC), Horizen (ZEN) and Hedget (HGET) rise while altcoins take off


Three of Cathie Wood’s publicly traded ARK funds bought Coinbase Global Inc. (COIN) shares for nearly $ 246 million on the trading day. Another fund, the Amplify Transformational Data Sharing ETF (BLOK), also bought COIN shares. These purchases show that ETFs are poised to join the crypto growth story.

Day view of crypto market data. Source: Coin360

Larry Fink, CEO of Blackrock, sees it differently, however. Fink said institutional investors were intrigued by crypto, but that didn’t translate into demand from institutions around the world.

One of the reasons that fascination did not turn into demand could be the strong rally in Bitcoin and other cryptocurrencies. A new Bank of America survey of professional investors shows that 74% of respondents believe Bitcoin (BTC) is in a bubble.

Such criticisms are not new for cryptocurrencies. Traders who ignore the noise and generally buy strong coins generally tend to generate huge returns over the long term.

Let’s retouch three tokens that Cointelegraph analyzed earlier this year to see if they continued their uptrend.