Reality Shares to introduce Blockchain ETFs for the Chinese market
Blockchain technologies are increasingly becoming one of the most promising areas of interest for future-looking investors and companies. Designed to cut through the clutter of this potentially transformative technology, the Reality Shares Blockchain Score methodology strives to help investors ground their investments in reality.
Reality Shares, founded in 2012, is a firm devoted to delivering ETF based innovative investment methodologies.It started when a group of entrepreneurial industry veterans came together with a pioneering purpose: to take innovative investment strategies and deliver them to the masses. The company has focussed on offering investors a new way to innovative market segments. Their ETFs include BLCN, investing in companies involved in blockchain technology, DIVY, an alternative ETF actively targeting long-term capital appreciation generated by dividend growth expectations, and LEAD, part of the DIVCON series of rules-based ETFs that seeks to invest in dividend growth companies.
Reality Shares grabbed eyeballs, in the early part of 2018, when it declared the launch of its ETF – The Reality Shares Nasdaq NexGen Economy. The company has announced to start a new fund to target cryptocurrency startup players in China and Hong Kong. China has been receptive to the idea of blockchain and digital currencies. “The market for blockchain in China is actually developing quickly,” added Blockchain Global’s Sebastian Quinn-Watson. He is a partner of the blockchain advisory business Blockchain Global.
One of the Reality Shares blockchain ETF includes Medici Ventures, which has already been investing in blockchain startups but has its primary business in e-commerce. Off late, a lot of action has been happening in the Chinese market. China and Singapore utilized the blockchain to complete a gasoline shipment between their borders on April 2, 2018. The act is among the first instances of international shipping via the blockchain and serves as a beautiful use-case for skeptics of the technology. Baidu and Tencent have shown support to Chinese government’s blockchain initiatives. Baidu unveiled its blockchain-as-a-service (BaaS) platform in January 2018 to facilitate companies seeking to develop applications using the innovation.
More action is anticipated in ETF space since Reality Shares has set the ball rolling.
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