ADVERTISEMENT

Two Investment Firms Collaborates For An ETF To Track Tech Companies

Two of United States-based companies, AdvisorShares, Investment management, and Sabretooth Advisors, investments advisory company, have collaborated to introduce an exchange-traded fund (ETF) that will track tech companies including blockchain and cloud computing companies.

According to a report by MarketWatch on Feb. 6, the idea behind the new AdvisorShares Sabretooth ETF (ticker: BKCH) is that companies that employ cloud computing and are involved in emerging technologies like the blockchain would experience a hike in profitability and the share price within a reasonable time.  The fund is all set to hit the market today, Feb. 7.

The emergence of the ETFs

Offered on all asset classes, including traditional investments and alternative assets like commodities or currencies, ETFs are basically marketable securities that track a mix of assets proportionately represented in the fund’s shares. ETFs enable the investors to short markets or to gain leverage.

The emergence of ETF in the cryptocurrency and blockchain ecosystem is asserted by many as a sign that these market are maturing.

While the cryptocurrency ETFs has been facing much trouble with the U.S. Securities and Exchange Commission (SEC) as the agency has been rejecting almost all proposals sent its way. Just recently the Chicago Board Options Exchange’s (CBOE), re-applied to list its Bitcoin (BTC) ETF in association with investment firm VanEck and financial services company SolidX.  The aforementioned application was withdrawn due to the delays, as SEC pushed back its decision on multiple occasions.

Read more: Wall Street Blockchain Alliance Collaborates With Consortium R3 Over Corda platform

 

Next Post

Email Subscription

  • bitcoinBitcoin (BTC) $ 8,766.09 3.01%
  • ethereumEthereum (ETH) $ 185.70 1.94%
  • bitcoin-cashBitcoin Cash (BCH) $ 287.97 2.41%
  • tetherTether (USDT) $ 1.00 0.09%
  • binancecoinBinance Coin (BNB) $ 20.25 1.32%