Anyone see the to new "blockchain" ETFs that came online today? BLCN & BLOK
The BLCN ETF holds shares of companies that committee “material resources” to blockchain technology research and development. Each company included is analyzed and assigned a “Blockchain Score” by the Reality Shares board. The Blockchain Score quantifies how much each company is expected to benefit from the advancement of blockchain technology.
Every six months, the BCLN is rebalanced to include the 50 to 100 companies with the highest Blockchain Scores. The index weighting is also rebalanced based on Blockchain Score as well.
According to the Reality Shares website, the BLCN’s initial top holdings include Intel Corporation
and International Business Machines Corp.
The BLOK ETF also focuses on companies that are developing blockchain or blockchain-related technology. Holdings include companies researching, implementing and profiting from blockchain technologies. It also includes companies with blockchain-related partnerships that could prove financially beneficial. Amplify classifies each company included in the index as either “core” or “secondary” based on how closely-tied the company’s business is to blockchain development.
Amplify has said it plans to be particularly active in managing the BLOK fund to make sure it stays on top of the rapidly-changing blockchain landscape. The fund’s holdings and balance could potentially be adjusted on a daily basis. Subadvisor Toroso Investments will select the fund’s holdings and manage its investment strategy, while Exponential ETFs will construct the portfolio and execute trades.
According to the Amplify website, top holdings include Taiwan Semiconductor Mfg. Co. Ltd. (ADR)
and SBI HOLDINGS INC