It was inevitable. Investors were looking for ways to invest in blockchain technology without the risk associated with individual stocks. Thus we have a big demand for blockchain ETFs. The first two to hit the market recently trade under the symbols BLOK and BLCN. Cryptocurrencies make use of blockchain technology but investing in cryptocurrencies can have major risks due to the high volatility. Many investors feel that a better way is to invest in the technology behind this rising phenomenon and these new blockchain ETFs provide a way for investors to do just that.
I don’t recommend pouring all your money into blockchain technology, but if you have some extra money to invest it may be worth looking into. I personally have invested some into the Amplify Transformational Data Sharing ETF (BLOK) and look forward to making a big profit in the long term.