|Bid||20.08 x 1000|
|Ask||20.20 x 1100|
|Day's Range||20.00 - 20.15|
|52 Week Range||13.04 - 20.27|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||5.68%|
|Beta (5Y Monthly)||0.00|
|Expense Ratio (net)||0.70%|
Blockchain exchange-traded funds (ETFs) own stocks in companies that have business operations in blockchain technology or in some way profit from it. Blockchain is made up of complex blocks of digital information, and increasingly is used in banking, investing, cryptocurrency and other sectors.
Reserving a seat at a celebrity chef’s restaurant with a 3-month wait has proven to be an easier task than getting a cryptocurrency-related exchange-traded fund (ETF) on a major U.S. exchange. Call it due diligence by U.S. regulators, but in the long term, this means that the U.S. could lose in the end of a “global technology race” according to some analysts. Facebook’s crypto project “Lira” is finding out quickly that launching any effort involving cryptocurrencies in the U.S. will face resistance.
With the rapid ascension, subsequent fall, and now possible stabilization of Bitcoin, Blockchain and crypto have moved from specialty assets to become a part of the vernacular. This makes them of special interest to investors looking to hedge their portfolios, in some cases even functioning as apparent safe havens alongside traditional assets like precious metals and Treasurys. Toroso Asset Management focuses on the Blockchain and cryptocurrency universe, seeking to identify companies that are winners in the space via the Amplify Transformational Data Sharing ETF (BLOK). BLOK is managed by Toroso Investments and Exponential ETFs.
A new actively-managed cannabis ETF that seeks to provide exposure to the fast-developing global cannabis industry debuted today: the Amplify Seymour Cannabis ETF (NYSE Arca: CNBS).