Blockchain-related ETFs launched on NASDAQ

New exchange-traded funds called Reality Shares Advisors and Amplify Trust have been launched on NASDAQ, as reported by several financial media publications. Both funds were traded around $20 at the trades’ start.

These funds, as suggested by older reports, will operate with big blockchain companies. The capitalization of every company they will invest in will be around $200 million, and the six month turnover must not be lower than $1 million. These restrictions are self-imposed to assure those who want to work with these ETFs that they would not necessarily lose their funds, although many skeptical and cynical investors consider the current hype around blockchain a market bubble. However, both companies still warn about blockchain investment being a risky business.

ETFs, or exchange-traded funds, allow to work with a portfolio of assets as if this portfolio was a asset itself. This trading mechanism becomes popular at the fiat market as well.

As Mr. ETF (Reginald M. Browne, experienced investor) once told the financial reporters, we are years away from exchange-traded funds connected with Bitcoin.