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Monday, March 15, 2021
Blockchain Investing - ETF’s to watch out for
*This performance is only observed with historical backtests and not traded by the company.
Risks & Assumptions
The market for crypto currencies and block chain investing has entered a new phase with parabolic rise seen in Bitcoin & Ethereum prices. Broader market participation is on the horizon with even large US listed corporate & legacy Wall Street banks endorsing further growth in digital assets market. Apart from the traditional crypto currencies that the investor can look for investing in digital assets space, the below mentioned ETF’s further provide a convenient way for investors looking to invest in this space.
The first 2 ETF’s provide opportunity for investing in companies that have invested in niche & upcoming block chain technologies, the last 2 ETF’S provide investor with a more simply way of gaining exposure to Bitcoin & Ethereum. This is through lower index value of the respective ETF’s achieved through slicing of the large value of these cryptos.
|Sr No||Instrument||Description||AUM (in Billions)||Last Price||52 W High||52 W Low||YTD Returns|
|1||Amplify Transformational Data Sharing ETF ( $ BLOK)||Invests in companies that are engaged into design & development of transformation data sharing technologies including Blockchain as well as crypto miners/equipment makers. Top holdings include Micro strategy, Hive Blockchain, Canaan Inc.||$ 1.148||$ 57.32||$ 62.94||$ 13.04||58%|
|2||Reality Shares NASDAQ Next Gen Economy ETF ( $ BLCN)||Tracks index of companies that are dedicated to Blockchain technology/crypto development. Some of the top holdings include Canaan Inc, Galaxy Digital, Square, Baidu Inc.||$ 0.301||$ 51.67||$ 52.49||$ 17.55||24%|
|3||Grayscale Bitcoin Trust ( $ GBTC)||One of the first movers in this space, the trust tracks the performance of XBX Bitcoin index. Value of each share corresponds to 0.00009464 Bitcoin||$ 37.3||$ 50||$ 57.64||$ 5.50||47%|
|4||Grayscale Ethereum Trust ( $ ETHE)||First publicly quoted Ethereum investment vehicle in the US, the fund tracks the performance of ETX Ethereum index. Value of each share corresponds to 0.0102 ETH.||$ 5.7||$ 17.125||$ 24.98||$ 4.5||42%|
Summary of Top Blockchain/Crypto ETF’s
Risks & Assumptions
Data Source: Bloomberg
Prices & Statistics as of: 12/03/2021 (US Market Close)
Arun Leslie John
Chief Market Analyst
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