China’s cryptocurrency stocks left behind in Bitcoin frenzy

As cryptocurrency mania pushed blockchain stocks to record breaking highs, China's equivalents are being left behind. — Reuters

China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs.

A Bloomberg-curated basket of seven key Chinese A-share stocks with ties to the blockchain technology underpinning cryptocurrencies -- including Shenzhen Forms Syntron Information Co., Shenzhen Ysstech Info-Tech Co. and Brilliance Technology Co. -- has fallen about 16% so far this year, according to data compiled by Bloomberg.

That compares with a 36% rise in an Elwood Asset Management index tracking global blockchain-linked shares.