What are some popular blockchain-based ETFs?
OSAMA WAHANDec 18, 2021 · 3 years ago3 answers
Can you recommend some popular exchange-traded funds (ETFs) that are based on blockchain technology?
3 answers
- Dec 18, 2021 · 3 years agoSure! One popular blockchain-based ETF is the Amplify Transformational Data Sharing ETF (BLOK). It invests in companies that are involved in blockchain technology, such as cryptocurrency miners, hardware manufacturers, and software developers. BLOK aims to provide exposure to the potential growth of blockchain technology without directly investing in cryptocurrencies themselves.
- Dec 18, 2021 · 3 years agoAbsolutely! Another well-known blockchain-based ETF is the Reality Shares Nasdaq NexGen Economy ETF (BLCN). This ETF focuses on companies that are actively exploring and implementing blockchain technology in their operations. BLCN offers investors a diversified portfolio of companies involved in various sectors, including financial services, technology, and healthcare.
- Dec 18, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers the BYD Blockchain ETF. This ETF tracks the performance of a basket of blockchain-related companies and provides investors with exposure to the potential growth of the blockchain industry. It is a great option for those looking to invest in blockchain technology through a diversified portfolio of companies.
Related Tags
Hot Questions
- 94
What are the best digital currencies to invest in right now?
- 89
How can I minimize my tax liability when dealing with cryptocurrencies?
- 75
How can I protect my digital assets from hackers?
- 70
How can I buy Bitcoin with a credit card?
- 68
What is the future of blockchain technology?
- 58
Are there any special tax rules for crypto investors?
- 53
How does cryptocurrency affect my tax return?
- 51
What are the best practices for reporting cryptocurrency on my taxes?