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.
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