It seems that many companies are trying to use blockchain technology as an incentive to boost their financial status. Horizon ETFs Management has recently decided to file for a new blockchain exchange-traded fund, known as an ETF, with the SEC, the U.S. Securities and Exchange Commission.
Horizon ETFs Management is the third ETF specializing company that has filed for a blockchain-related vehicle in the month of November. Reality Shares Advisors and Amplify Trust ETF are the other two companies that have decided to work with blockchain technology. Reality Shares Advisors has decided to attempt to offer securities for companies which are involved with the blockchain on the NASDAQ. Amplify Trust ETF also decided to jump on the blockchain train and requested permission to trade and invest in blockchain related startups.
Horizon ETFs Management
Horizon ETFs Management’s filing stated that their index will attempt to use “a replication strategy”, simply purchasing an ETF that contains all of the same securities as the index they wish to track. Additionally, Horizon ETFs Management is looking to gain profits from companies which will inevitably grow due to their use of blockchain technology. Lastly, it seems that the plan is only to hold companies which are valued on the market at or above $250 million and a daily volume of at least $1 million.
It seems that many of these ETF management companies are willing to work with blockchain technology-related companies. What does this mean for all of us? Well, to be honest, this was always going to happen sooner or later. No matter how you spin it, blockchain technology is revolutionary and there are countless possible implementations of it in many different fields. It was only a matter of time before investments into the technologies were going to start sprouting up all over the place.
As time goes on, expect to see more and more blockchain related investments surfacing on the market. Trading securities, investing in startups, or starting ETFs is something that will continue occurring more frequently as blockchain technology becomes adopted across a variety of fields.