ETF based on blockchain companies

American companies AdvisorShares and Sabertooth Advisors have created an exchange-traded investment fund (ETF) based on high-tech companies that work with blockchain technology and cloud computing. According to MarketWatch , the launch of the AdvisorShares Sabertooth ETF (BKCH ticker) took place on February 7.

According to a registration statement issued by the United States Securities and Exchange Commission (SEC), a new fund may invest in stocks, US depositary receipts and other stock exchange products of companies. At the same time, cryptocurrency investments are prohibited.

“The prospects of the blockchain and cloud computing, as well as their direct impact on the financial and technological sectors, suggest a long-term investment effectiveness in this industry,” representatives of investment companies said.

According to NASDAQ, today trading ETF shares under the BKCH ticker closed at $ 25.

Recall that in early February, the Chicago Options Exchange filed a repeated request to launch Bitcoin-ETF on behalf of VanEck and SolidX. The founders of the Gemini exchange, the Winklevoss brothers, are also waiting for a positive decision of the SEC to launch Bitcoin-ETF, especially after the site audit conducted by Deloitte .

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