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.
Brian Kelly
“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).
“We could not be happier to be working with Brian. This landscape changes daily so we believed it should be an active fund with a portfolio manager that is on the forefront of understanding blockchain technologies,” said Greg King, Founder and CEO of REX Shares . “We also want to give investors insights into the portfolio manager’s blockchain-related thoughts on a weekly basis. To that end We just launched a blog written by Brian weekly called ‘BK’s 2 Cents’”.
Greg King
There are more than 30 industries exploring the use of blockchain, the emerging technology may fundamentally transform the way business is transacted. This disruptive innovation could impact supply chains, healthcare, governments, and financial services companies, among others.
“I spend every day researching and networking in the blockchain and crypto space and it very much is global,” Kelly said. “I want BKC to reflect my team’s research and insights. This is why you see a significant tilt toward small and mid-caps and Asian stocks right now in the portfolio. As a long time hedge fund manager, I am really excited about launching a regulated, daily liquid, ETF to bring this investment theme mainstream.”
For more information on new fund products, visit our new ETFs category.