Facebook’s
share prices are seen inside the NASDAQ Marketsite in New
York.

Reuters/Shannon
Stapleton


  • Investors will soon have a new way to bet on the
    technology behind bitcoin. 
  • A new exchange-traded fund tracking blockchain
    companies by RealityShares is set to start trading on Nasdaq on
    Wednesday January 17, a person familiar with the matter told
    Business Insider. 

An exchange-traded fund that bets on companies with blockchain
technology is set to start trading on the Nasdaq Stock Market on
Wednesday January 17, according to a person familiar with the
matter.

Exchange operator Nasdaq and
Reality Shares, an ETF issuer and index provider, unveiled an
index in November designed to capture the growth of blockchain
technology. The Reality Shares Nasdaq Blockchain
Economy ETF
by Reality Shares will be based on that index
and is anticipated to start trading Wednesday, a source told
Business Insider.

“The Index is designed to measure
the returns of companies that are committing material resources
to developing, researching, supporting, innovating or utilizing
blockchain technology for their proprietary use or for use by
others,” a preliminary filing with the Securities and Exchange
Commission said.

It appears the fund will be the
first of its kind to trade on a US exchange. VanEck’s
Semiconductor ETF gives exposure to the blockchain ecosystem via
semiconductor companies which make chips required for bitcoin
mining. 

Blockchain is best known for being
the technology underlying cryptocurrencies like bitcoin, but it
also has multiple applications outside of
cryptocurrencies.

As a decentralized ledger,
blockchain can facilitate exchanges of assets without the need of
a middle-man. As such, it has gripped the attention of Wall
Street with companies such as Goldman Sachs, JPMorgan, and Morgan
Stanley all participating in at least one blockchain
consortium.

The ETF, however, will track
companies in a number of additional industries including retail
and tech, according to the index website. 

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