Horizons ETFs Reveals Plans for Blockchain ETF

Earlier this month, Amplify ETFs, the exchange traded funds issuer behind the Amplify Online Retail ETF (NasdaqGM: IBUY), among other products, revealed plans for the Amplify Blockchain Leaders ETF. That news was followed by headlines of Reality Shares also planning a blockchain ETF.

In mid-November, a filing from First Trust, one of the largest issuers of smart beta exchange traded funds, revealed plans for the First Trust Indxx Blockchain ETF. The First Trust ETF will track the Indxx Global Blockchain Index.

The Horizons Blockchain Index “attempts to identify companies within the global equity markets that stand to directly participate in the growth associated with the adoption and integration of blockchain technology. Currently, the Index universe includes over 20 industries and focuses on technology end-users along with suppliers and providers likely to benefit from the growth of blockchain technology. This approach is intended to capture the entire scope of growth and emerging innovations within the universe,” according to the SEC filing.

That index will only hold companies with market values of at least $250 million and average daily dollar volume of at least $1 million.

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