Brian Kelly, Founder and CEO of BKCM LLC, announced on May the 16th, that it is launching the REX BKCM ETF which will be traded at the NYSE Arca as BKC.
Mr. Kelly will be the portfolio manager of the fund, and will be managing a portfolio of companies that are seeking to profit from the advancement of blockchain technology and cryptocurrency adoption.
REX BKCM ETF Led By Brian Kelly
As virtual currencies and blockchain technology expand, there are several investors that are really interested in participating in the market. But for institutional and wealthy investors it may be difficult to find regulated markets that offer virtual currencies and similar assets.
This is one of the reasons why Brian Kelly may have launched a blockchain and cryptocurrency related ETF.
Brian Kelly commented about it:
“I get asked all the time on how to invest in blockchain technology without dealing with storage, the fears of hacking, hedge funds, etc. My hope is the BKCM ETF can provide this desired equity allocation to institutions and individuals alike. What excites me most, is that this opportunity may be really early on its investment cycle.”
For investors that are not sure how to start investing in these new technologies, these blockchain ETFs, may be a good choice for them.
Thomas Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, said:
“Brian’s deep understanding of the crypto and blockchain ecosystem, combined with his background as a global-macro portfolio manager brings true blockchain experience to the ETF world. The BKC ETF really stands out because of the level of crypto industry connections and access that Brian has at the wheel.”
REX Shares helps investors by delivering investment products that seek to level the playing field. BKCM is a firm that specializes in macroeconomics and digital assets.
Not the First Blockchain ETFs
This is not the first blockchain ETF available in the market. Back in January, the Reality Shares Nasdaq NexGen Economy ETF (BLCN), and Amplify Transformational Data Sharing ETF (BLOK), launched on Nasdaq and the New York Stock Exchange Arca.
Both ETFs will have a different strategy. One will be investing in smaller companies, while the other in important enterprises that are embracing distributed ledger technology. Depending on the investment profile of the individuals interested, they would have the possibility to chose between one or the other.
BLOK will be investing in small cap businesses, and BLCN will be focused on international corporations that are already established.
Eric Ervin, Reality Shares Co-Founder and CEO said:
“We think that Blockchain is going to be one of the most transformational technologies since the internet. In a very long term, cycles are going to play out and companies that are using blockchain in their businesses are going to be impacted both in increase of revenues and decreased fees and the overall structure.”
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