The First Blockchain ETFs debut on Nasdaq and NYSE

Blockchain North America United States

The first blockchain-based exchange-traded funds (ETFs) have been launched on Nasdaq and the New York Stock Exchange Arca by Reality Shares Advisors and Amplify Trust ETF. Amplify’s Transformational Data Sharing ETF (BLOK) started close to 20 USD while Reality Shares’ Nasdaq NextGen Economy ETF (BLCN) opened higher, at 24.20 USD.

While both ETFs will invest in blockchain-based companies only, their prospectuses stated that their investment activity will be limited to companies with a higher than 200 million USD market capitalization and with a six-month daily trading average of 1 million USD at the least.

About the author

Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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