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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.
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 signals how far above or below the median an asset's recent performance lies, with dramatic increases flagging a strong surge in market attention and potential.
The Bitwise Crypto Industry Innovators ETF (NYSE:BITQ), VanEck Digital Transformation ETF (NASDAQ:DAPP), and Bitwise Web3 ETF (NYSE:BWEB) each displayed notable week-on-week momentum percentile improvements, positioning them as the most compelling crypto ETF gainers in September's momentum rankings.

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A large week-on-week momentum percentile gain means these ETFs are outperforming the vast majority of sector peers based on sustained price action and volatility. Such gains, especially when breaking into the top decile, often precede sharp rallies or periods of intense speculative interest.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, ended lower on Tuesday. The SPY was down 0.14% at $660.00, while the QQQ declined 0.085% to $591.18, according to Benzinga Pro data.
On Wednesday, the futures of the Dow Jones, S&P 500, and Nasdaq 100 indices were lower.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga
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