Amplify Transformational Data Sharing ETF (NYSEARCA: BLOK) is reportedly garnering some short interest from traders, registering an increase of 6.01% in shorts, which totals 98,800 shares in July based on figures published by FINRA.
In the past month, BLOK is slightly down 0.23% and down 2.7% year-to-date–the slight decrease versus an abrupt drop could be a sign that traders are still relatively split on blockchain technology–the underlying technology that forms the basis for cryptocurrencies. However, it’s currently trading at $20.39 against a 50-day moving average of $20.09.
Bitcoin, the largest cryptocurrency in terms of market capitalization, is up 0.45% the past 24 hours. The next two largest, Ethereum and Ripple, are both down 3.91% and 4.86%, respectively.
Big Four Auditors Experimenting with Blockchain
According to a report, the four biggest auditing firms globally – Deloitte, EY, KPMG and PwC – are part of a group of 20 banks in Taiwan that are experimenting with blockchain technology for auditing financial reports. Blockchain technology will allow the firms to conduct external confirmation, which is the process of collating and examining audit evidence. External confirmation today is typically done manually to verify financial transactions by public companies with their associated third parties.