In order to take advantage of China's innovative advantages in the field of cryptocurrency, the asset management company Reality Shares has launched China's first blockchain ETF. The company stated that their goal is "to democratize the world's best investment ideas."
According to a press release of June 20, Reality Shares Nasdaq NexGen Economic China ETF (Nasdaq: BCNA) will be dedicated to Chinese companies that "develop, research, support or use blockchains." Investors can interact with financial advisors on trading platforms that add ETFs to accounts or directly invest in Reality shares.
The company's assessment involves seven key factors, including its role in the blockchain ecosystem, the membership of the Blockchain Institute, and the blockchain product phase. Companies must score high on these criteria before they are eligible to participate in BCNA. Real shares said that their methodology is based on a series of quantitative factors aimed at "differentiating and evaluating companies with the highest scores in the blockchain field."
The BCNA consists of 31 members and is currently undergoing a balance adjustment every six months. Eric Ervin, CEO of Reality AG, said that it provides investors with easy access to China's emerging blockchain market.
He pointed out that Asian countries are “rapidly becoming the center of global blockchain innovation” and believe that their blockchain industry “has incredible long-term investment opportunities.”
Reality Shares stated that China is rapidly becoming the center of blockchain development.
The company hopes BCNA will continue to utilize the overall growth of the Chinese economy. They point out how the country has several characteristics that appeal to investors.
These include "non-relevant history with the US market, the size of its stock market, and strong credit quality." They also pointed out that in 2017 China had the most applications for blockchain-related patents.
Reality shares entered the blockchain ecosystem in January after investing in ETFs for corporate investors who started and implemented blockchains.
Reality Stocks Nasdaq NextGen Economic ETFs (Nasdaq BLCNs) consist of companies that develop, research, support, innovate, or use blockchain technology to provide material resources for the exclusive use or use of others. BCNA Is BLCN.
Companies participating in these funds are researched and reviewed by the blockchain advisory board of Reality AG. Members include Eric Voorhees, founder of Shapeshift, Marco Santori, president and chief legal officer of Blockchain.com, early Bitcoin developer, Jeff Garzik, and Matthew Roszak, founder of Tally Capital.