First Block Capital is an investment firm based in Vancouver that is currently in the final stages of launching its Listed Funds product - FCB Digital Ledger Technology Adopters ETF - which will provide investors with an opportunity in the Blockchain industry for their accounts Traditional brokerage investment.
The recently presented ETF shares will be listed on the NEO Aequitas Stock Exchange in Canada next month and are headed by several highly experienced investors. First Block Capital operations director Bill Stormont spoke about the new ETF and said:
"The fund will not trust that the Blockchain sector is in fashion. You are seeing companies that are experiencing concerns. They do not necessarily live or die because of their investments in block chains, but as they integrate them, we hope that this type of name works. "
It brings up a critical aspect of the new fund, the fact that even if the Blockchain technology does not gain wide adoption, the fund will continue to exist and the companies in the fund can continue to prosper.
This is because the fund will hold positions in major family businesses, including Walmart, IBM, Amazon and Maersk. The fund will be comprised of 75% of first-rate shares, and only 25% of blockchain emerging companies with higher risk and cryptocurrencies.
The fund's assistant manager, Bruce Campbell, spoke with Bloomberg, saying:
"First Block Capital is really looking at companies that are family names - IBM, Maersk, Amazon - all these big companies that are using blockchain to improve their business"
Stormont added to this sentiment, saying that "Names like Nvidia: all ETFs will have that. But we will also bring names like Maersk or Walmart. It's not just about technology companies. "
Expectations with Cryptocurrencies
Although you may not believe it, some analysts consider that the existence of projects of this style generate a positive reputation for ETFs, in this way the regulators of each country will have a position of acceptance rather than rejection. The expectation is that a fall like the one that is being lived will not happen again.