While there are other Blockchain ETFs, BLOK is the original, launching back in January 17, 2018, with more than $1 billion in assets under management. With all the fuss about Bitcoin ETFs, some issuers and investors may have overlooked the investment opportunity in Blockchain itself.
As mentioned in our previous article on Seeking Alpha entitled, Blockchain ETFs And Their Holdings Have Finally Come Of Age, Amplify’s Transformational Data Sharing ETF (BLOK) has the highest correlation to crypto assets, in part due to its ownership of many of the top crypto miners.
One of the criticisms of the first Blockchain ETFs when they launched back in January of 2018 was that there were too few "pure-play" names to hold. Indeed, at the time, regulators would not even let these products use blockchain in the name, as they could not easily meet revenue test standards.
Webcast: Blockchain Applications in a Covid-19 World
The use of blockchain was already growing at a nice clip thanks to a growing list of use cases spanning almost every industry. Industry research consultant MarketsandMarkets projects that the size of the blockchain market will grow at a 67.3% CAGR over the next five years from $3 billion to $39.7 billion in 2025.
The price of Bitcoin has been building momentum. YTD, Bitcoin has doubled in price. Investors are anticipating positive announcements at this week’s Consensus 2019 Blockchain Week Conference in New York, sponsored by the New York City Economic Development Corporation and CoinDesk.
Innovative ways companies are harnessing the power of global blockchain.
Investors and companies are just starting to understand the transformational potential of blockchain technology to enhance the business processes of many industries and even permanently disrupt them.
Two new ETFs launched on Wednesday, January 17th, the Amplify Transformational Data Sharing ETF (BLOK) and Reality Shares NASDAQ Nextgen Economy ETF (BLCN). If those names seem less than intuitive to you, the SEC would not let any of the blockchain filings use the word blockchain in their names. But both of these ETFs share the mandate of providing exposure to companies involved in the blockchain ecosystem.
Advisors and investors are in a continual search for assets that are not correlated with the other assets in their portfolio. The EQM-Emerita Blockchain BLOK 50 Global Index appears to provide significant diversification on a correlation basis.