“China is quickly becoming a global epicenter for blockchain innovation. In 2017, the nation filed for more blockchain-related patents than any other country in the world1, and the Chinese government recently endorsed blockchain technology as an economic ‘breakthrough,’” said Eric Ervin, CEO of Reality Shares.
BCNA tracks the Reality Shares Nasdaq Blockchain China Index and screens Chinese companies for possible investments if they commit material resources to developing and implementing blockchain technology. The index rebalances semiannually and is comprised of 31 constituents.
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This is not the first foray into a blockchain ETF as Reality Shares already has the Reality Shares Nasdaq NexGen Economy ETF (NASDAQ: BLCN), which is currently up 2.21% the past 30 days. The company hopes that this new financial innovation in exposure to other markets willing to implement blockchain technology will be a success.
“China’s blockchain industry presents an incredibly exciting and long-term investment opportunity, and through BCNA, investors can now easily access this emergent market,” said Ervin.
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