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. For instance, Taiwan Semiconductor Manufacturing and Overstock.com are among its top holdings. Taiwan Semiconductor has revealed strong sales surge due to demand from cryptocurrency “miners” while Overstock.com has a division focused on developing and investing in blockchain businesses.
BLCN includes companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others. For example, IBM is developing a number of enterprise blockchain projects and SBI Holdings is a prominent Japanese financial services company working with cryptocurrencies.
Lastly, the newly launched LEGR also focuses on 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 underlying index seeks to include only companies that have devoted material resources to the use of blockchain technologies.
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