According to Benziga, “Each company included is analyzed and assigned a “Blockchain Score” by the Reality Shares board. The Blockchain Score quantifies how much each company is expected to benefit from the advancement of blockchain technology.”
BLCN holds 59 stocks from the technology, financial services, healthcare and industrial sectors. None of BLCN’s holdings command weights above 2.43%.
BCLN is rapidly attracting a follwing with total assets at $114,213,854.04 after just launching Jan. 17, 2018.
The current market price is $22.41.
Amplify Transformational Data Shrg ETF (BLOK)
The BLOK ETF also focuses on companies that are developing blockchain or blockchain-related technology.
According to Amplify, “BLOK is an actively managed ETF that seeks to provide total return by investing at least 80% of its net assets in equity securities of companies actively involved in the development and utilization of blockchain technologies.” Amplify classifies each company included in the index as either “core” or “secondary” based on how closely-tied the company’s business is to blockchain development. “
According to Gartner Group, Blockchain is estimated to have delivered $4 billion in business value-add or technology innovation in 2017, with that growing to $21 billion by 2020, $176 billion in 2025, and $3.1 trillion by 2030,” said Amplify, BLOK’s issuer.
BLOK has seen $189.71 million flows YTD and the current market price is $18.91.
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
The LEGR ETF tracks the Indxx Blockchain Index. That benchmark follows “companies across the globe that are either actively using, investing in, developing, or have products that are poised to benefit from a new technology known as blockchain. The index seeks to include only companies that have devoted material resources to the use of blockchain technologies,” according to a statement.
LEGR’s index is capped at 100 constituents and requires member firms to have market values of at least $500 million.
Companies in LEGR are split into three categories: active enablers, active users and active explorers. Active enablers are companies “actively developing blockchain technology products or systems for their own internal use and for the sale and support of other companies,” said First Trust. Active users are defined as firms use blockchain technologies while active explorers are companies that have publicly said they are considering use of blockchain technologies.
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