At one point, companies completely unrelated to blockchain were changing their names to get in on the hype. But one security that legitimately merits a “blockchain”-based moniker has declined to adopt one.
Amplify Transformational Data Sharing ETF BLOK 0.2% quietly, though actively, trades in the trend. BLOK emerged in mid-January with about 50 global companies, including many small caps, that meet one of three criteria.
“We think leading indicators are the largest investors in blockchain today from a corporate standpoint, the groups that are doing the most research and then companies that are already receiving revenue from blockchain-related activities,” Amplify ETFs CEO Christian Magoon said last week on Benzinga’s PreMarket Prep trading show. With about 70 percent of the portfolio based in North America and the rest primarily in Europe and Asia, the ETF spans chipmakers to financial institutions to camera manufacturers.
Notable names include Eastman Kodak Company Common New KODK 6.43%, NVIDIA Corporation NVDA 1.08%, Taiwan Semiconductor Mfg. Co.
Ltd. (ADR) TSM 0.09%, Overstock.com Inc OSTK 4.4%, Goldman Sachs Group Inc GS 0.02%, Citigroup Inc C 0.34%, Riot Blockchain Inc RIOT 33.37% and the Tokyo exchange’s Digital Garage, Inc., GMO Internet Inc. and SBI Holdings Inc. The fund doesn’t include energy companies, though, despite their apparent exposure to the power-heavy mining processes. Read more from benzinga.com…
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