Artificial Intelligence Is the ETF Playoff Champion | ETF Trends

A new ETF playoff champion has been crowned. Artificial Intelligence routed spot Bitcoin ETFs to claim the first-ever ETF championship.

Last week, in advance of the big game party Exchange is hosting at LIV on February 11th, investors voted on their favorite investing ideas in 2024. Consequently, Artificial Intelligence came out on top. AI defeated a host of compelling trends and strategies. These ideas included actively managed fixed Income, equal weight large caps, index core bond funds, healthcare funds, gold, and spot bitcoin ETFs.

Why Artificial Intelligence Won

Spot bitcoin ETFs had momentum going into the final matchup. The long-sought SEC approval for such funds combined with a general recovery in the cryptocurrency space set the stage. However, artificial intelligence proved too compelling to overcome. Accordingly, investors are intrigued by the far-reaching possibilities of AI, which could impact multiple sectors of the global economy in 2024.

VettaFi head of research Todd Rosenbluth said. “Spot bitcoin ETFs like the Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin ETF (IBIT) garnered a lot of attention since they began trading as ETFs in January. So, it’s a pleasant surprise that many people believe the investment theme of artificial intelligence has room for continued growth. ETFs like the Global X Artificial Intelligence & Technology ETF (AIQ) and the ROBO Global Artificial Intelligence ETF (THNQ) were strong performers in 2023.”

Bring Your A-Game to Exchange

The ETF Playoffs are over and Exchange kicks off this weekend on Sunday, February 11th in Miami. It is not too late to register for the groundbreaking conference.

Investors interested in any of the themes and ideas that competed in the ETF playoffs will find sessions at Exchange that unpack the topic in great detail. Monday’s 4:10 pm session Thematic Investing in 2024: Big Tech, Big Medicine, Big Ideas will go over both AI and healthcare as investment themes. Accordingly, that session features Jay Jacobs from BlackRock and Ryan McCormack from Invesco. It will be moderated by VettaFi’s Jane Edmonson. Meanwhile, investors interested in cryptocurrencies should explore Tuesday’s The Gloves are Off: The Bitcoin ETF Showdown. That 9:50 am panel promises to be electric. It features Bitwise’s Matt Hougan, Galaxy’s Steve Kurz, and Grayscale’s David LaValle in a discussion moderated by Eric Balchunas from Bloomberg.

Register for Exchange 2024 today. 

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