As Q2 begins, look to the four blockchain ETFs that are leading the way: Innovation Shares NextGen Protocol ETF (KOIN), Reality Shares Nasdaq NexGen Economy ETF (BCLN), Amplify Transformational Data Shrg ETF (BLOK) and First Trust Indxx Innovative Transaction & Process ETF (LEGR).
Blockchain allows digital information to be distributed, but not copied. Originally devised for cryptocurrencies, like Bitcoin, people are now discovering other potential uses for the technology.
4 Blockchain ETFs in the Race
So why should you consider investing in a blockchain ETF?
According to the World Economic Forum, “10% of the global GDP 1 is predicted to be stored on blockchain platforms by 2027.”
It’s the way of the future.
“This is an industry that we think that over several decades will be as revolutionary as the internet. We’re going to have several million people working in this industry, if not tens of millions,” Antonis Polemitis, blockchain expert and CEO of the University of Nicosia, said according to CNBC.
Innovation Shares NextGen Protocol ETF (KOIN)
The KOIN ETF is the first exchange-traded fund to use the twist of artificial intelligence and blockchain to identify and invest in blockchain innovators.
Cryptocurrencies and artificial intelligence are two of the most lucrative areas in investing and KOIN is harnessing them both, starting with a broad base of companies, and then using artificial intelligence to determine how engaged the companies are in the development of blockchain.
According to ETFDB, “The fund currently reads more like a large-cap tech fund than a pure-blockchain play, with holdings such as Amazon (AMZN), Microsoft (MSFT), Visa (V), Intel (INTC), Cisco Systems (CSCO) and Nvidia (NVDA). It has just around 40 components and invests one-third of the portfolio overseas.”
The index underlying KOIN screens for global stocks that are have a current or future economic interest in blockchain technology.
KOIN has seen $3 million YTD in flows and the current market price is $23.50.
Related: An ETF to Capitalize on the Disruptive Blockchain Technology
Reality Shares Nasdaq NexGen Economy ETF (BLCN)
The BLCN ETF holds shares of companies that committee “material resources” to blockchain technology research and development.