First Blockchain ETFs Begin Trading on NASDAQ, but Without Blockchain

Two Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds that track and invest in the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term ‎ecosystem will make their debut later today, in a bid to offer investors ‎exposure to one of the most hotly-watched new technologies in years. ‎

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However, ironically, the US Securities and Exchange Commission (SEC) told ‎the first blockchain ETFs in the last minute to tweak their names and erase ‎the word 'blockchain'.

The regulator insisted on the name changes as investors seem ‎desperate for any kind of blockchain exposure, to the point where ‎many startups that put the word blockchain, or other cryptocurrency terms, ‎into their name have seen their share prices soar.

Analysts compared the trend ‎with what happened during the tech bubble, where many the technology ‎firms got a strong boost just for adding 'dot-com' to their brand name.‎

The fund from Amplify Investments, The Amplify Transformational ‎Data Sharing ETF (NYSEARCA:BLOK), is an actively managed fund ‎that seeks to offer exposure to companies and other securities involved in ‎blockchain. This means that the holdings will be individually selected by a ‎portfolio manager, based on a proprietary ranking system‎, as opposed to its ‎tracking the performance of an underlying index.‎

Separately, Reality Shares Nasdaq NexGen Economy ETF ‎‎(NASDAQ:BLCN) will be a passively managed vehicle that tracks the growth ‎and development of companies involved in creating and implementing blockchain ‎solutions.

According to its filing with the SEC: “The ‎Reality Shares fund is designed to measure the returns of companies that are ‎committing material resources to developing, researching, supporting, innovating or ‎using blockchain technology for their proprietary use or for use by others.” ‎