Top 4 Blockchain ETF Stocks that Account for a Whopping $300 Million in Assets


Blockchain ETFs Boast A Whopping 300 Million In Assets

The Blockchain ETFs, an asset class experiencing steady growth in the US, now boasts command over an approximate of $334.83 in assets. While BLOK -the amplify Transformational Data Sharing ETF- together with BLCN -The Reality Shares Nasdaq Nexgen Economy ETF – both command a higher amount of assets in that proportion, KOIN – the Innovation Shares Nextgen Protocol – cannot be ignored as it has been delivering returns that are well above average consistently since its commencement in January 2018.

Owing to the flaring use of Blockchain technology, more companies have embraced this technology and even gone a step further to use it in improvising on their existing processes as well as building new products and services fabricated around it.

The Four Favorite Blockchain ETFs Stocks

After taking a hefty dive into the all Blockchain exchange-traded funds listed in the US exchanges, there’s a list of four favorite Blockchain ETFs, which boast the largest share in the Blockchain-based exchange traded assets:.

  • Reality Shares NASDAQ NexGen Economy ETF (BLCN),
  • Amplify Transformational Data Sharing ETF (BLOK),
  • First Trust Index Innovative Transaction & Process ETF (LEGR),
  • Innovation Shares NextGen Protocol ETF (KOIN), the REX BKCM ETF (BKC).

The following stocks appear in most of the mentioned funds top 10 holdings.

International Business Machines Corp (IBM)

This giant pioneer has its presence in all of the invested Blockchain ETFs stocks in the US. A huge percentage of clients across different industries around the world turn to IBM Blockchain services for aiding them in starting, accelerating and also innovating multi value producing Blockchain networks as well as solutions.

IBM Blockchain based solutions range from food safety to trusted identity and to private equity. The technology is run by a manpower of more than 1500 technical and industry experts and support from more than 400 clients. This has places IBM on a level no other company has reached.

Taiwan Semiconductor Manufacturing Co Ltd (TSM)

TSM, the world’s largest chip firm which boast over 55% of the world’s chip manufacture profits heftily from cryptocurrency mining boom. It features in the top 10 holdings of 4 out of five of the ETFs mention above.

TSM’s products which range from ASIC sales to Bitmain and also GPU sales, AMD and the famous NVIDIA account for up to 6-7% of the total revenue that the company makes.

This is nowhere near the revenue accounted for by the Blockchain-related business sales within the company and which could go up to 10% of the company’s source of revenue by late 2018.

Advanced Micro Devices Inc. (AMD)

Figuring at the top 10 holdings in 4 out of the 5 ETFs above again is GPU manufacturer AMD. Blockchain market is playing a very big role in boosting the company’s computing and segment sales which account for a total of 6-7% of the company’s total revenue. This is mainly due to the sustainability of the of the market offered by the Blockchain technology for GPUs and thus AMD should worry less and look forward to a more prospective future.

Accenture PLC (ACN)

Accenture secures itself a position in 4 out of 5 top 10 holdings group of the ETFs mention above. With its determination to place at the forefront of the Blockchain innovation, Accenture is pioneering transparent and secure businesses around the world.

Aaccenture has formed partnerships with Digital Asset, Ripple, Enterprise Ethereum, Hyper ledger, R3 and also Alliance. This is mainly to foster research, innovation and its main offering in the Blockchain world.

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