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Amplify ETFs and Reality Shares launch blockchain ETFs

Amplify ETFs and Reality Shares have launched their blockchain exchange-traded funds (ETFs) on NYSE Arca and Nasdaq respectively.

Sponsored by Amplify Investments, Amplify ETFs announced that BLOK, the Amplify Transformational Data Sharing ETF, is live and available for trading on the NYSE Arca. BLOK is an actively-managed ETF investing in publicly-traded global companies leading the research, investment and revenue creation related to blockchain-based and other distributed ledger technologies.

Reality Shares, on the other hand, announced the launch of an ETF to invest in companies creating and implementing blockchain solutions, under the ticker BLCN.

According to the official release, the Reality Shares Nasdaq NexGen Economy ETF will hold between 50 to 100 constituents at any given time. It tracks the Reality Shares Nasdaq Blockchain Economy Index, which comprises of companies committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.

“The blockchain ecosystem potentially presents one of the most profound, long-term investment opportunities many of us have or will ever see in our lifetime,” said Eric Ervin, CEO of Reality Shares. “Furthermore, blockchain is still in its infancy, and we are confident it will have far-reaching, disruptive effects in nearly every industry. In order to fully harness the potential of this exciting sector, we teamed up with other well-known groups – Nasdaq and the experienced members of our advisory board – to vet and qualify blockchain companies and identify trends and initiatives in our pursuit to become the leaders in blockchain investing.”

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