What is Brickblock?
The concurrence of Exchange Traded Funds (ETF) has expanded contentedly over the years, and it has led to the initiation of a platform, known as Brickblock. This platform is ambitious to implement the blockchain technology to the current financial systems for their improvement. These financial systems are backed up by Exchange Traded Funds, which will be discussed later.
The blockchain technology has taken over several industrial sectors across the globe; however, it has yet to devise a solution for countering the recurring issues in the financial sector. Using blockchain technology, Brickblock was introduced to allow sprouting investors to score bountiful opportunities on a larger scale by cutting time and costs involved in the financial sector.
What is an Exchange Traded Fund?
An Exchange Traded Fund is a connotation for funds which are traded. It is a well-known fact that a majority of the traders prefer to sell and buy stocks and shares in companies. As traders, they are also inclined towards the selling or purchasing of funds, which constitute to make ETF.
An ETF is a combination of a unit investment trust or mutual-fund, which is inclusive of its valuation feature, which makes the fund eligible for a sale on the merits of its net asset value. If the fund is backed up with a tradability of the closed-end fund, it could result in the fluctuation of prices in comparison to its net asset value.
ETFs are further advanced with low management and transaction costs along with their tax efficiency. It has been speculated that nearly $2 trillion were invested in USA’s ETF at the beginning of 1993, and they were retrieved at the end of 2015, which further garnered approximately 1800 products, with each product catering to each conceivable market sector by utilizing the trading and niche strategy.
What Can You Trade?
The introduction of Brickblock pertains to its role in improving the strategy of ETF investment. In addition to that, Brickblock considerably caters to the following types of funds to be traded:
1. Real Estate Funds (REFs)
The significance of investing in REFs has grown over the years, as the real estate industry has progressed extensively, which allows the investors to invest in its developing fund. It allows the investors to accumulate their real estate purchases into a single fund.
2. Active Coin-Managed Funds (CMFs)
Active coin-managed funds (CMFs) are known for their large capacity of cryptocurrency coins, and it could be troublesome to aim for CMFs without adequate knowledge and resources. However, the introduction of the Brickblock technology facilitates an investor to invest in a plethora of ICOs at one single click. The entire process will be overlooked by a fund manager, who is adept at selling and purchasing various coins involved in the fund to ensure that the fund is inclusive of feasible coins.
3. Passive Coin Traded Funds (CTFs)
The concept of Passive Coin Traded Funds (CTFs) is vastly similar to CMF; however, it is exclusive of a fund manager to overlook the management of the funds, unlike its counterpart. A CTF is preset to garner several profitable opportunities, which enables the purchase of top 10 cryptocurrencies at a time.
You can learn more about Brickblock here:
https://brickblock.io
https://www.brickblock.io/Brickblock_General_Whitepaper.pdf
https://twitter.com/brickblock_io