AdvisorShares, Sabretooth Advisors to Start a Joint Exchange-Traded Fund (ETF) “BKCH” to Track Blockchain Companies


Leading sponsor for ETFs AdvisorShares recently announced their new ETF that is focused on Cloud, Digital Ledger, and Blockchain Technologies. Its done in association with Sabretooth Advisors, an investment advisory firm.

https://twitter.com/AdvisorShares/status/1093514514690134017

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs track an index, such as a stock index or bond index. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features.

Their website describes the new ETF as:

“The investment thesis for the BKCH holds that companies utilizing cloud computing and digital companies that implement emerging technology like blockchain may realize increased profitability and appreciation in stock prices over an extended time horizon. BKCH invests in U.S.-listed equities and American depositary receipts of such digital and cloud companies and does not invest in cryptocurrency. The portfolio manager views these areas as the future of technological record-keeping and information exchanging which can deliver a durable investment theme for growth equity opportunities and long-term performance.”

The crypto and blockchain industry is yet to have a crypto ETF approved by the SEC. The commission has received several requests for an ETF, but it has shot them all down. The main hindrance has been the unregulated nature of the crypto industry. Although yesterday we reported about a SEC commissioner, Robert J. Jackson Jr, predicting that .

https://bitcoinexchangeguide.com/bitcoin-btc-ethereum-eth-xrp-ripple-and-eos-price-analysis-watch-feb-7th/

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