Exchange Traded Fund To Be Launched For Blockchain Companies In USA
AdvisorShares, an American investment management company, together with Sabretooth Advisors, will launch an ETF, which will track tech startups and firms associated with distributed ledger and cloud computing, according to a press release.
ETFs track an asset basket that is proportionally represented in the shares of the fund. As a rule, they combine various types of assets. These can be both traditional investments and alternatives in the form of goods or different currencies. Such tools help investors to diversify actions in the securities market.
The idea of the AdvisorShares Sabretooth ETF (ticker: BKCH) is based on new opportunities for companies engaged in cloud computing, DLT, and other innovative solutions. Thanks to the appearance of such funds, they can count on a significant increase in earnings and in the value of their shares within a reasonable time frame.
BKCH invests in the shares of US innovation firms and depositary receipts. The company representatives assert that modern technology areas can provide long-term investments and capital gains.
Many believe that the creation of exchange-traded funds in the field of cryptocurrency and blockchain allows seeing the progressive development of this market, although regulatory organizations do not always promptly give permission to open ETFs.
As previously reported, CBOE applied for the opening of bitcoin ETFs of VanEck and SolidX once again.