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.
EQM Indexes, the firm I co-founded, launched the EQM Online Retail Index (IBUYXT) back in December 1, 2015. It was our first ETF index and we licensed it to a new player in the ETF industry at the time, Amplify ETFs. Amplify was founded in February of 2016 by ETF industry veteran Christian Magoon who has launched over 50 ETFs at the time. The Amplify Online Retail ETF (IBUY) was the first ETF launched on their now $700 million+ ETF platform.
There is a new competitor in the thematic ETF space, which seeks to provide exposure to the accelerating global demand for advanced battery technology. The Amplify Advanced Battery Metals and Materials ETF (BATT) launched on the NYSE 6/6/18.
The concept of brand is nothing new. In fact, as demonstrated in the graphic below, brand has been around since ancient times. But the financial relevance of Brand in the digital age has grown, along with other intangible sources of value such as intellectual property, ideas, and data.
Innovative ways companies are harnessing the power of global blockchain.
The pharma and biotech sectors have had their ups and downs over the last year as a more favorable regulatory environment has been offset by drug pricing pressures. But this has also been a year of medical breakthroughs, landmark approvals, and M&A activity in the cancer immunotherapy segment.
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.
Surveying the retail landscape over the last year, it is clear that online retail is rapidly gaining share, while traditional brick-and-mortar retailers continue to struggle.