However, more focused plays such as SMH offer increased blockchain exposure via holdings such as Nvidia Corp. (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD). Both companies make chips used in the mining of digital currencies.

“Blockchain technology and miners in particular are totally dependent on electronic components consisting of vast numbers of semiconductors,” according to VanEck. “VanEck believes that exposure to semiconductor manufacturers, especially those who are suppliers to miners, offers a compelling investment opportunity. Investment exposure to semiconductors may provide access to both the growth potential of blockchain technology, as well as the entire blockchain economy.”

Recent filings with the Securities and Exchange Commission (SEC) show other ETF issuers have plans for blockchain ETFs, but it does not appear these products are close to coming to market, leaving SMH as one of the more readily available blockchain ideas.

For more information on the cryptocurrency market, visit our Bitcoin category.