Reality Shares to Launch First Cryptocurrency-Related ETF

Reality Shares is expected to launch the first cryptocurrency-related exchange traded fund that focuses on companies developing the innovative and transformative blockchain technology.

On Wednesday, Reality Shares is expected to roll out the Reality Shares Nasdaq NexGen Economy ETF (NasdaqGM: BLCN).

BLCN “invests in the companies that are developing this truly innovative and transformational blockchain technology,” according to Reality Shares. “The blockchain ecosystem potentially presents one of the most profound, long-term investment opportunities in the market today. Furthermore, blockchain is still in its infancy, and we are confident it will have far-reaching, disruptive effects in nearly every industry.”

Potential investors, though, should keep in mind that this ETF does not invest in cryptocurrencies, like bitcoins.

The ETF will try to reflect the performance of the Reality Shares Nasdaq Blockchain Economy Index, according to a SEC exemptive relief filing. The underlying index 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. These Blockchain Companies are committing material resources to further the use and deployment of blockchain technology to streamline the distribution and verification of cross-border payments; more efficiently store and secure cloud-based digital data; facilitate trusted transactions based on data security and privacy; and mitigate risk in supply chain management, among other uses.