Two companies, Amplify Investments and Reality Shares, have recently filed to launch blockchain tracking exchange-traded funds (ETFs), Bitcoin.com reported.
Amplify Investments, an Illinois-based wealth management firm, has filed for the Amplify Blockchain Leaders ETF. The fund would comprise of an actively managed fund providing exposure to companies and securities active in the blockchain industry.
“Bitcoin is just one application for blockchain, the best known one, but there will be all kinds of applications, not just cryptocurrencies. We think it is like the internet was 20 years ago,” Amplify ETFs’ chief executive officer, Christian Magoon, said in a statement.
Reality Shares, a San Diego-based investment firm, has filed for the Nasdaq Blockchain Economy ETF, which comprises of a passively managed fund offering exposure to companies operating in the blockchain space. The company’s filing with U.S. Securities and Exchange Commission (SEC):
The fund “is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or using blockchain technology for their proprietary use or for use by others.”
If approved, the funds will be the first ETFs to track the blockchain industry.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
