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ETF companies applied for the creation of Blockchain investment products
 Two firms specializing in exchange traded funds (ETF) filed an application with the U.S. Securities and Exchange Commission to create blockchain-related vehicles this past week. 06.Nov.17 5:45 AM By Daria Zaytseva Photo Toinnov.com |
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Reality Shares Advisors, a subsidiary of ETFs Reality Shares, plans to work with Nasdaq Inc., offering securities for various blockchain companies. Similarly, Amplify Trust ETF also applied for permission to invest and trade in blockchain startups. None of the companies filled in the application for placement terms, but both indicated that they would only invest in various blockchain companies. Both companies noted that because of the early status of technology, investment in it could be risky, especially because there is no space-related regulation and some services based on blockchain cannot make a profit.These two applications shared several common details, including that for the fund only companies with a market capitalization of more than $200 million and an average monthly daily trade for six months of at least $1 million would be considered for the fund. No placement condition was completed, and both companies included a disclaimer, stating that the details of their indices may change. The companies need to complete the forms, and the SEC must decide on each application before any organization can begin offering securities to investors. | |
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