|Bid||24.25 x 1100|
|Ask||25.88 x 1200|
|Day's Range||25.39 - 25.48|
|52 Week Range||18.50 - 25.48|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||29.69%|
|Beta (5Y Monthly)||0.00|
|Expense Ratio (net)||0.68%|
China continues to bolster its global position as a purveyor of cryptocurrencies and its underlying technology, blockchain, as the Bank of China is utilizing the technology to issue $2.8 billion in financial bonds, according to a Cointelegraph report. The bonds will consist of debt issues from small companies and micro enterprises—a move by China to strengthen its businesses to help develop its economy.
Facebook CEO Zuckerberg sees regulatory hurdle for Libra project. This has hit the crypto space hard, which in turn may build pressure on these ETFs.
Showgoers may soon be utilizing blockchain technology in order to do so as theatre operator Shubert Organization is teaming with startup True Tickets to offer tickets using IBM’s blockchain platform. At the conclusion of the recent inaugural cohort of the Broadway Tech Accelerator, Shubert Ticketing announced that they will launch a pilot project with True Tickets’ secure mobile ticketing service in 2020 to create a better ticketing experience for millions of theater fans. “We’re excited for this pilot with True Tickets to help us explore how to standardize processes across our partners and create a more consistent customer experience,” said Kyle Wright of Shubert Ticketing and Managing Principal of Broadway Tech Accelerator.
U.S. lawmakers questioned Facebook (FB) on its cryptocurrency plans and raised concerns related to privacy and trust. Bitcoin felt the pressure but blockchain ETFs managed to survive.
In May, it seemed that every exchange-traded fund (ETF) that catered to China got racked by the U.S.-China trade deal going sideways, which may have left a bad taste for opportunities in the world's second largest economy. Rather than getting broad-based exposure to China, ETF investors can opt for the Reality Shares Nasdaq NexGen Economy China ETF (BCNA) . The fund itself is up over 21 percent year-to-date, which is almost seven times more than the broad market-based iShares China Large-Cap ETF (FXI) .
BLCN tracks the Reality Shares Nasdaq Blockchain Economy Index. “Blockchain is the least mature of the six transformative technologies tracked by Digital Orbit,” said IHS Markit in a recent note. “Complex and largely confined in application to the financial sector, Blockchain together with 5G had the lowest scores in readiness, one of Digital Orbit's two key measures.
After a rough 2018, blockchain-related stocks and exchange are delivering impressive performances in the first quarter — without the benefit of major jumps by the largest digital currencies. All of the ...
Another exchange traded funds issuer is trying its hand at bringing a bitcoin ETF to market. Reality Shares, which currently sponsors two blockchain ETFs, filed plans with the Securities and Exchange Commission (SEC) to launch the Reality Shares Blockforce Global Currency Strategy ETF. In addition to including bitcoin futures, the Reality Shares bitcoin ETF would include “high-quality, short-term sovereign debt instruments listed for trading on U.S. exchanges and denominated in U.S. dollar, euro, British pounds sterling, Japanese yen and Swiss francs,” as well as bitcoin futures, money market mutual funds and/or other cash equivalents,” according to the filing.
Reality Shares, the firm behind two blockchain exchange traded funds, is looking to launch a bitcoin ETF. The filing is conjunction with the New York Stock Exchange. While the SEC has consistently rejected efforts to bring bitcoin ETFs to market, data indicate investors remain enthusiastic about the prospect of the largest digital currency by market value and the ETF structure coming together.