January 17, 2018
We have not offered up a “headin to Vegas” idea for a long time. But BLOK appears to be a good candidate for this risky and speculative category. We do not assume to know much of anything about blockchain tech other than what we read and hear from our favorite analysts.
So, we are taking a SMALL position in BLOK Amplify Transformational Data Sharing ETF, the new ETF in the category. The price right now is $20.06.
This is NOT an income/dividend play. We are looking for growth.
The BLOK ETF also focuses on companies that are developing blockchain or blockchain-related technology. Holdings include companies researching, implementing and profiting from blockchain technologies. It also includes companies with blockchain-related partnerships that could prove financially beneficial. Amplify classifies each company included in the index as either “core” or “secondary” based on how closely-tied the company’s business is to blockchain development.
Amplify has said it plans to be particularly active in managing the BLOK fund to make sure it stays on top of the rapidly-changing blockchain landscape. The fund’s holdings and balance could potentially be adjusted on a daily basis. Subadvisor Toroso Investments will select the fund’s holdings and manage its investment strategy, while Exponential ETFs will construct the portfolio and execute trades.
According to the Amplify website, top holdings include Taiwan Semiconductor Mfg. Co. Ltd. (ADR) TSM 1.86% , DIGITAL GARAGE OTCDLGEF and SBI HOLDINGS INC
Blockchain Could Be The Real Cryptocurrency Winner
Cryptocurrencies like bitcoin and Ethereum have generated a lot of excitement among investors, but some experts say the underlying blockchain technology, not the cryptocurrencies themselves, is the real gold mine for investors.
“This is an industry that we think that over several decades will be as revolutionary as the internet. We’re going to have several million people working in this industry, if not tens of millions,” Antonis Polemitis, blockchain expert and CEO of the University of Nicosia, said this week, according to CNBC.
Gartner estimates that blockchain technology could add $3.1 trillion in value to the global business world by 2030.