Despite the sell off on crypto markets, the first Blockchain ETFs will starting today

Two ETFs that will track and investments in Blockchain will debut on NASDAQ later today. The aim of the funds is to offer investors affordable exposure in one of the fastest growing markets in the world.

However, ironically, the US Securities and Exchange Commission (SEC) said at the last minute that companies offering ETFs should remove Blockchain from their names. The regulator insisted on this, as "Blockchain" seems attractive to a large number of investors and is likely to mislead a large part of them. For example, SEC has been providing technology companies and "Dot-com", a phrase that was present for almost every company before the crisis in the late 1990s.

The Amplify Investments Fund, providing the Amplify Transformational Data Sharing ETF (NYSEARCA: BLOK) Trading, is an actively managed fund that aims to offer exposure to companies using Blockchain. This means that ETF-a companies will be individually selected by a portfolio manager based on their own ranking system.

Different from Amplify Investments, Reality Shares The Nasdaq NexGen Economy ETF (NASDAQ: BLCN) will be a passively managed fund that tracks the growth and development of companies involved in the creation and implementation of various Blockchain solutions.

Source: Finance Magnates

Jr Trader Petar Milanov

Finance Magnates: First Blockchain ETFs Begin Trading on NASDAQ, but Without Blockchain

Read more:

• Bitcoin is changing hands for $24,000 in Iran, based on the “Official” exchange rate
• Tendayi Kapfidze: “bitcoin is a pyramid scheme
• Want to Invest in Crypto? Think About Buying Stocks
• According to this rumor: A single Bitcoin whale was responsible for the astronomical price hike in 2017
• Libra faces strong opposition and China embarks on a race to launch its own global cryptocurrency