REX and BKCM Launch Blockchain ETF Led By Brian Kelly
Brian Kelly, CEO and Founder of BKCM Funds, announced that he is launching the REX BKCM ETF with REX Shares, LLC. Mr. Kelly will be serving as portfolio manager of the fund which will be investing in companies that actively work with blockchain technology and, possibly, cryptocurrencies. The announcement has been made on May the 16th.
Brian Kelly explains that he has been contacted several times on how to invest in blockchain technology. Moreover, he said that this ETF is a great opportunity for investors due to the fact that there are potential future gains.
Mr. Kelly explained:
“I get asked all the time on how to invest in blockchain technology without dealing with storage, the fears of hacking, hedge funds, etc. My hope is the BKC ETF can provide this desired equity allocation to institutions and individuals alike. What excites me most, is that this opportunity may be really early on its investment cycle.”
Blockchain technology is a revolutionizing technology that has been growing in many sectors, including the financial world and the logistic industry. Moreover, there are several governments, banks, health care and educational institutions using this innovative technology.
Greg King, CEO and Founder of REX Shares commented:
“Due to the dynamic nature of the global blockchain and cryptocurrency ecosystem, we wanted a skilled active manager with deep blockchain experience. Having established himself as a leading hedge fund manager, author, and thought leader in the space, we’re excited to be partnering with Brian on the BKC ETF.”
Thomas Lee, Managing Partner at Fundstrat Global Advisors has also given his opinion about this partnership. He said that Brian has a deep understanding of the crypto and blockchain ecosystem and that his work as a global-macro portfolio manager brings blockchain experience to the ETF world.