BLCN came to market on the same day as the Amplify Transformational Data Sharing ETF (NYSEARCA: BLOK). BLOK utilizes an actively-managed approach to investing in the fast developing world of blockchain-based technology, allowing the fund’s portfolio managers to respond in real-time to valuations, company fundamentals and announcements that may impact the blockchain marketplace.
BLCN “invests in the companies that are developing this truly innovative and transformational blockchain technology,” according to Reality Shares. “The blockchain ecosystem potentially presents one of the most profound, long-term investment opportunities in the market today. Furthermore, blockchain is still in its infancy, and we are confident it will have far-reaching, disruptive effects in nearly every industry.”
“We’ve been very pleased with investor appetite for BLCN so far,” said Eric Ervin, CEO of Reality Shares, in the statement. “We’re proud investors have realized the growth potential of the dynamic blockchain industry, which we believe is poised to disrupt and change the world like the way the Internet did in the 1990s. We’re looking forward to continuing to work with our partners – Nasdaq and our experienced blockchain advisory board – to harness the exciting investment opportunity presented by blockchain technology
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