Bitcoin fell by approximately 7% in 2025, and most crypto companies' stock prices suffered heavy losses. However, Cathie Wood's Blockchain and Fintech Innovation ETF, ARKF, achieved a 29% return. By expanding its "Fintech" investment scope and investing more in technology companies closely related to artificial intelligence, ARKF successfully reversed the industry's downturn. ARKF reportedly holds shares in PayPal, Adyen, and Toast, and increased its holdings in Circle and Robinhood. Furthermore, the overall performance of fintech funds in 2025 was mixed. For example, the Global X FinTech ETF and Siren NexGen Economy ETF experienced slight declines, but crypto-specific ETFs such as Fidelity Crypto Industry and Digital Payments ETF, VanEck Digital Transformation ETF, and iShares Blockchain and Tech ETF all achieved double-digit gains. (Bloomberg)