CNBC’s ‘Fast Money’ Brian Kelly launches blockchain exchange-traded-fund
Brian Kelly, a CNBC Fast Money Correspondent, Bitcoin investor since 2013, and Blockchain & Cryptocurrency author of the Bitcoin Big Bang, announced the launch of REX BKCM Exchange Traded Fund in collaboration with REX Shares.
Thank you @BKBrianKelly and @NYSE! We are excited to launch $BKC in partnership with you. Press release announcing launch can be found here: https://t.co/sWR1j3uYPz #Crypto #Blockchain #Equity #ETF https://t.co/V8JQLQuLtN pic.twitter.com/42uxcgnZeV
— REX Shares (@REXShares) May 16, 2018
“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,” said Brian Kelly, CEO of BKCM and BKC ETF Portfolio Manager. “What excites me most, is that this opportunity may be really early on in its investment cycle.”
— REX Shares (@REXShares) May 15, 2018
“Due to the dynamic nature of the global blockchain and cryptocurrency ecosystem, we wanted a skilled active manager with deep blockchain experience,” said Greg King, CEO, and Founder of REX Shares. “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.”
Congrats @BKBrianKelly... ETFs that get exposure to crypto/blockchain via equities make increasing sense as many of the successful projects/enterprises in crypto are equities—crypto exchanges, payment platforms, custody, wallets, etc https://t.co/xJF6Xwt8v2
— Thomas Lee (@fundstrat) May 16, 2018
"Brian’s deep understanding of the crypto and blockchain ecosystem, combined with his background as a global-macro portfolio manager brings true blockchain experience to the ETF world,” said Thomas Lee, Managing Partner and Head of Research at Fundstrat Global Advisors. “The BKC ETF really stands out because of the level of crypto industry connections and access that Brian has at the wheel.”
Brian is a Keynote Blockchain and Cryptocurrency speaker on three different continents. He founded BKCM and handles a long/short hedge fund focusing on Bitcoin, Ethereum, Stellar, Monero, Litecoin, and other cryptocurrencies. BKCM LLC specializes in cryptocurrency and blockchain based investment vehicles.
Image via CNBC