Bitcoin Rally Could Benefit Members of Some Chip ETFs
This article was originally published on ETFTrends.com.
After being drubbed in May, semiconductor stocks and the related exchange traded funds, including the VanEck Vectors Semiconductor ETF (NYSEArca: SMH), could use some relief this month. That relief could materialize if bitcoin continues surging. U.S. semiconductors were among the hardest hit in the wake of the Huawei blacklisting as chipmakers lost a big customer [...]