Since BLCN and BLOK debuted in January, two more rivals have come to market. The First Trust Indxx Innovative Transaction & Process ETF (NASDAQ: LEGR) debuted in late January while as did the Innovation Shares NextGen Protocol ETF (NYSEARCA: KOIN).
“We see cryptocurrencies potentially becoming more widely used in the future as the markets mature. Yet for now we believe they should only be considered by those who can stomach potentially complete losses. Similarly, blockchain needs to overcome significant hurdles to reach its promising future,” according to BlackRock.
“KOIN tracks an index designed to give investors exposure to global stocks that are participating in the growth of blockchain technology, which is being applied across a number of industries.” said Innovation Shares in a statement. “KOIN’s underlying index places stocks in one of four categories based on how they relate to the theme: 1. Cryptocurrency as payment; 2. Mining enablers; 3. Solutions providers; and 4. Adopters.”
For more information on the cryptocurrency, visit our Bitcoin category.