"Cloud computing ETFs got hit hard alongside all of tech in the week as the Fed’s December minutes gave further evidence to potentially three rate hikes and a balance sheet reduction. Higher Treasury yields mean stocks are less attractive, especially growth stocks that are not making profits yet," says Dan Mika. The Global X Cloud Computing ETF (CLOU) hit a 52-week low this week and the WisdomTree Cloud Computing ETF (WCLD) fell 10% this week. Mika believes that combining Bitcoin Futures and other asset classes seems to be the next step for a crypto ETF.
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