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Highlights
- Siren Nasdaq NexGen Economy ETF (BLCN) traded at US$41.21 in the premarket session on August 25.
- First Trust Indxx Innovative Transaction & Process ETF (LEGR) has an AUM (assets under management) of US$120,610.
- VanEck Vectors Digital Transformation ETF (DAPP) traded at US$27.25 in the premarket on August 25.
Blockchain Exchange Traded Funds (ETFs) track companies that are into the blockchain technology business. Blockchains are digital information blocks or systems used by banks, cryptocurrencies, etc.
Blockchain is a new technology. However, many established companies have forayed into the blockchain business. Blockchain is considered the technology of the future as its use is still evolving. However, it faces many challenges like cybersecurity and scalability.
Here we look at the top seven blockchain ETFs that are drawing attention as the crypto craze reaches a feverish pitch.
Siren Nasdaq NexGen Economy ETF (BLCN)
It tracks the Siren Nasdaq NexGen Economy Index, which measures returns of blockchain technology companies. Its stock traded at US$41.21 in the premarket on August 25. The fund, founded in January 2018, tracks over 70 companies across the globe, including IBM, SAP, Microsoft, Nasdaq, etc.
Its price surged 15.85 percent YTD but down 0.63 percent QTD. BLCN’s assets under management (AUM) is US$282,928. The ETF gives an annual dividend of US$0.6008 to shareholders. Its highest and lowest prices in the past 52 weeks were US$53.31 and US$32.88, respectively.
Also read: Is Cardano likely to surge in near future?
Global X Blockchain ETF (BKCH)
It owns shares in companies on the Solactive Blockchain Index. The ETF traded at US$28.145 in the premarket on August 25, up 0.57 percent over the August 24 closing price. Its 52-week highest and lowest prices were US$30.99 and US$19.85.
Source: Pixabay.
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
It follows companies that benefit from blockchain technology. The ETF traded at US$43.16 in the premarket on August 25, up 0.05 percent from the last close.
Its price increased by 15.04 percent YTD and 2.35 percent QTD. Its AUM is US$120,610. The annual dividend is US$1.0872. The highest and lowest ETF prices in the past 52 weeks were US$43.45 and US$30.06.
The fund was founded in January 2018 and tracks stocks of over 101 companies across the globe. These companies include Oracle, AT&T, China CITIC Bank, International Business Machines, etc.
VanEck Vectors Digital Transformation ETF (DAPP)
The fund tracks the price and performance of the MVIS Global Digital Assets Equity Index. It invests 80% of its assets in stocks of digital companies. The fund traded at US$27.25 in the premarket session on August 25, up 0.37 percent over the August 24 closing price.
The ETF’s price increased by 4.50 percent YTD. The share volume is 28,203. The highest and lowest prices of the ETF in the past 52 weeks were US$37.84 and US$19.51. It was launched in April 2021. It tracks companies like NVIDIA, Galaxy Digital, PayPal, etc.
Source: Pixabay.
Bitwise Crypto Industry Innovators ETF (BITQ)
The ETF tracks the total return of the Bitwise Crypto Innovators 30 Index. The fund, founded in May 2021, invests in the stocks and depositary receipts of the index. Bitwise measures the performance of companies involved in the cryptocurrency market.
The fund traded at US$25.05 at 9.13 am ET on August 25, up 0.52 percent over the August 24 closing price. The share volume is 123,331. Its price went by 4.70 percent QTD. The ETF’s highest and lowest prices in the past 52 weeks were US$28.73 and US$18.15.
Capital Link NextGen Protocol ETF (KOIN)
KOIN tracks the performance of the ATFI Global NextGen Fintech Index, which looks at whether companies have adopted cryptocurrency and blockchain technology. It devotes 80% of its total assets in stocks of the Index. The ETF traded at US$43.53 at 9.16 am ET on August 25, up 0.39 percent from the previous close.
Its prices went up by 16.13 percent YTD and 1.21 percent QTD. Its market capitalization is US$30 million, and AUM is US$30,324. Its 52-week highest and lowest prices were US$43.96 and US$30.63. The fund, earlier known as Capital Link NextGen Protocol ETF, has investments in NVIDIA, PayPal, Microsoft, Oracle, etc.
Also read: Where can you store your crypto? 10 prominent multi-crypto wallets
Amplify Transformational Data Sharing ETF (BLOK)
BLOK, an actively managed ETF, invests at least 80% of its assets (including investment borrowings) in companies engaged in data-sharing technologies. The fund traded at US$48.50 at 9.24 am ET on August 25, down 0.16 percent over the August 25 closing price.
The ETF price went up by 38.88 percent YTD and 1.91 percent QTD. The share volume is 251,747. AUM is US$1 billion. The ETF’s highest and lowest prices in the past 52 weeks were US$62.94 and US$23.40. It tracks firms like Square, Paypal, SBI Holdings, Micro Strategy, etc.
Bottom line:
Blockchain has transformed the technology world. Like cryptocurrencies, Blockchain ETFs are gaining popularity in recent times. Experts believe these ETFs would gain further ground in the times ahead.
