Citing Benzinga, Riot Platforms, a leader in Bitcoin mining and digital infrastructure, is gaining attention in the blockchain sector. As of December 2024, Riot reported significant growth in Bitcoin production, holding approximately 17,722 BTC valued at $4.4 billion. This positions Riot as a key player in the decentralized digital asset economy. In response to Riot's success, Defiance ETF launched the Defiance Daily Target 2X Long RIOT ETF (RIOX), offering 200% daily leveraged exposure to Riot's share price. The ETF, with a net expense ratio of 0.95%, has already amassed over $1.48 million in assets. Other ETFs like Amplify Transformational Data Sharing ETF (BLOK) and VanEck Digital Transformation ETF (DAPP) also hold Riot stocks and may benefit from its market performance. The recent rise in Bitcoin prices, reclaiming $102,000 on January 6, 2025, has further fueled optimism in the crypto market, with U.S.-listed spot Bitcoin ETFs seeing significant inflows.
Riot's Bitcoin Mining Success Boosts Investor Interest in New Defiance ETF
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