empty
 
 

2018.01.1708:41:00UTC+00Two Blockchain ETFs Are Hitting The Market

The investing world will be presented with two new products on Wednesday that try to cash in on the blockchain technology that underlies Bitcoin.

Reality Shares Inc. and Amplify Investments LLC are launching their Exchange-Traded Funds, or ETFs, focused on investing in companies that lead in the research and development of blockchain and invest in the technology to generate revenue.

The Reality Shares Nasdaq NexGen Economy ETF will list on NASDAQ under the ticker BLCN and the Amplify Transformational Data Sharing ETF will trade under the ticker BLOK on NYSE Arca.

The two news ETFs seek to invest in companies such as Intel, Overstock, IBM, Cisco, Barclays, Microsoft and Hitachi, which are at the forefront to expanding the scope of blockchain into different sectors.

Concerned over the abuse of the word 'blockchain' by companies to boost their image and stock price, the U.S. Securities and Exchange Commission reportedly asked both firms to drop the word if they are not investing in companies that derive a significant portion of their revenue from such technology.

The securities market watchdog has been concerned over the recent surge in the price of Bitcoin and its rivals, and repeatedly denied approval for ETFs that seek to invest directly in cryptocurrencies.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback