The introduction of a bitcoin futures ETF into the capital markets will open up opportunities in the leading cryptocurrency’s underlying technology, such as blockchain-focused funds.
One such fund to look out for is the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). Advancements in blockchain technology can only help the case of the fund as more adoption permeates through various business sectors around the globe.
The fund itself is based on the Alerian Galaxy Global Blockchain Equity, Trusts and ETPs Index.
“The Index is comprised of stocks of companies that are materially engaged in the development of blockchain technology, cryptocurrency mining, cryptocurrency buying, or enabling technologies and exchange-traded products (‘ETPs’) and private investment trusts traded over-the-counter that are linked to cryptocurrencies,” Invesco noted on their product website. “The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced monthly.”
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