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What the Future Holds for New Blockchain ETF from First Block Capital

Avatar newsbtc 1 year ago

It’s Invest Diva’s  Kiana Danial https://www.investdiva.com/ with NewsBTC and here is your cryptocurrency update. We’ve been patiently waiting for the SEC to make a decision on the first-ever Bitcoin ETF. But for those who are passionate about the blockchain industry, and want to get indirect exposure, there is a new blockchain ETF that could be coming out next month. Issued by the Vancouver-based First Block Capital, it’s called the FBC Digital Ledger Technology Adopters ETF. Sure, there are already a couple of ETFs out there who focus on companies with blockchain in mind, including the Amplify Transformational Data Sharing ETF and the Reality Shares Nasdaq NexGen Economy ETF. But First Block is aiming to make this one more accessible by reducing the premium fees, and also by focusing beyond just tech companies like Nvidia. There are so many public retail companies who are investing heavily in the blockchain technology, including Overstock and Walmart. While we don’t know exactly what this new ETF around the block will be holding in its basket, according to the company’s COO, Bill Stormont, it will at least have names like Walmart and Maersk. The company is in the final stages of getting regulatory approval, and its shares are expected to start trading on Canada’s Aequitas NEO Exchange in September. Now I want to hear from you. Would you rather invest in a blockchain ETF, or invest directly in cryptocurrencies? Let me know in the comments. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

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