bitcoin future

Many investors in the cryptocurrency world have been looking for some sort of new way to get involved in exchange-traded funds, but the massive amount of regulatory measures that have yet to be put in place continue to halt their dreams. With a new pair of blockchain based ETF’s launching the month, in addition to record inflows, mean that the market could have an even larger appetite than many thought previously.

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According to the report “The Reality Shares Nasdaq NextGen Economy ETF (ticker: BLCN) and the Amplify Transformational Data Sharing ETF (BLOK) are two new ETFs that invest in companies researching and developing the blockchain technology that underlies bitcoin and other popular cryptocurrencies. Investors have poured more than $240 million into the blockchain ETFs in less than two weeks, an incredible amount of cash inflow for new ETFs. RealityShares says the BLCN ETF will top the $100 million mark within days.” Todd Rosenbluth, the CFRA’s director of ETF and mutual fund research stated that “it is rare for new ETFs to pull in such a large amount of cash. But there has been pent-up demand for a thematic approach to gain exposure to blockchain.”

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Cryptocurrencies in their own respect have gotten a large amount of media attention in the most recent news, but many experts think that the real promising technology is that of blockchain and not the cryptocurrencies themselves. Companies that have been working on creating new types of this blockchain based technology, have been looked at by investors on having the most promising future for any company involved in the cryptocurrency world. Given that the market is so new, only time will tell how the majority of these companies fair. It will be interesting to see what happens as we move through the rest of this year.


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