A new blockchain ETF launched today with a unique spin on its management and methodology.
The REX BKCM ETF (NYSEArca: BKC), which is a partnership between Rex Shares and BKCM Funds, launched today and according to our research appears to target small- and mid-companies around the globe that seek to profit from blockchain technology. BKC will be actively managed by portfolio manager Brian Kelly, who is CEO and founder of BKCM Funds, an investment firm specializing in macroeconomics and digital assets. You’ve seen Brian on CNBC’s Fast Money.
“I get asked all the time on how to invest in cryptocurrency and blockchain technology without dealing with storage, the fears of hacking, hedge funds, etc. My hope is the BKC ETF can provide this desired equity allocation to institutions and individuals alike,” said Brian Kelly, CEO of BKCM and BKC ETF Portfolio Manager. “What excites me most, is that this opportunity may be really early on in its investment cycle. I’m not necessarily limiting this portfolio to small and mid-cap firms but that’s where I see this technology having the biggest the impact on bottom lines right now.”
Four blockchain ETFs have already launched in 2018: the Innovation Shares NextGen Protocol ETF (KOIN), Reality Shares Nasdaq NexGen Economy ETF (BCLN), Amplify Transformational Data Shrg ETF (BLOK) and First Trust Indxx Innovative Transaction & Process ETF (LEGR).