Three blockchain and cryptocurrency-linked exchange-traded funds have surged into the market's top decile as momentum scores spiked sharply this week, suggesting these funds may be on the cusp of a breakout rally.What Does Momentum Ranking Entail?Benzinga Edge’s Stock Rankings‘ momentum percentile rankings assess a stock or ETF's relative strength by evaluating its price movement patterns and volatility across multiple timeframes, benchmarked against the entire universe of sector peers.The percentile value ...

Three blockchain and cryptocurrency-linked exchange-traded funds have surged into the market's top decile as momentum scores spiked sharply this week, suggesting these funds may be on the cusp of a breakout rally.What Does Momentum Ranking Entail?Benzinga Edge’s Stock Rankings‘ momentum percentile rankings assess a stock or ETF's relative strength by evaluating its price movement patterns and volatility across multiple timeframes, benchmarked against the entire universe of sector peers.The percentile value ...

Group 1 - Block Inc. will join the S&P 500 index, replacing Hess, effective before the opening bell on July 23, 2025, leading to an 8.5% increase in its shares during extended trading on July 18, 2025 [1] - The S&P 500 index saw recent changes, with The Trade Desk replacing Ansys, and Hess exiting due to Chevron's $54 billion acquisition [2] - Companies added to the S&P 500 typically experience stock price boosts due to fund managers and index-tracking ETFs rebalancing their holdings [3] Group 2 - Block's addition enhances the tech presence in the S&P 500, as the company, originally known as Square, has diversified into various financial services and rebranded to Block in 2021 to emphasize its commitment to blockchain technologies [4] - Despite a 16% year-to-date decline, Block's stock has surged 14.5% over the past month, with a market capitalization of approximately $45 billion, positioning it above the median company in the index [5] - Several ETFs, including Twin Oak Endure ETF (SPYA) and VanEck Digital Transformation ETF (DAPP), have significant investments in Block, with SPYA allocating about 7% of its weight to Block shares [6]