For those of you who don’t know, a blockchain can be described as technology that can store information and be used as a decentralized digital ledger which can be used to conduct various transactions over it’s unified network.
The fact that a blockchain’s information is sprawled across it’s network means that it is not only public but also easily verifiable as any hampering of previous chains is near impossible. That’s where the idea of blockchain based Exchange Transfer Fund’s or ETF come in.
The ETF industry has started investing in blockchain precisely for the vast applications of decentralized networks such as higher rates of adoption and transparency in operations.
Generally a blockchain powered ETF will have at least one of the following characteristics;
They will either be exchange funds that are involved in the investment business where they actively seek investments in organizations that use blockchain technology in order to completely transform and further develop the industry.
Or, they are exchange funds that use futures contracts in order to keep a check on the performance of cryptocurrencies such as Bitcoin.
They are funds that track the performance of Bitcoin or other cryptocurrencies through futures contracts or by holding the underlying crypto-assets.
These are some of the top Crypot powered ETF’s in America;
Reality Shares Nasdaq NexGen Economy China ETF
First Trust Indxx Innovative Transaction & Process ETF
Innovation Shares NextGen Protocol ETF
Amplify Transformational Data Sharing ETF
REX BKCM ETF
Reality Shares Nasdaq NexGen Economy ETF
