In line with a recent report by ‘MarketWatch’, U.S. based Investment management firm AdvisorShares and investments advisory company named ‘Sabretooth Advisors’ can collectively launch an ETF [exchange traded fund] that tracks firms, together with those involved with blockchain and cloud computing.
ETFs are marketable securities which track a basket of digital assets proportionately represented within the fund’s shares. ETFs are offered on all classes of assets, together with standard investments and alternative assets alongside commodities or currencies, additionally enabling investors to short markets or to gain leverage.
The idea of the new AdvisorShares Sabretooth ETF [ticker: BKCH] — that is expected to arrive on 7th Feb. – are entities deploying cloud computing and involved with upcoming technologies like blockchain may reach accumulated profitability and rises in share prices at a reasonable time.
Several see the emergence of cryptocurrencies and blockchain ETFs, among alternative derivatives, as a proof that those markets are maturing.
Earlier in Feb. last year, Canadian regulators approved the country’s primarily blockchain-based ETF outlining both massive and small-scale blockchain firms. By that point, the ETF issuer Harvest Portfolios already had their Harvest Blockchain Technologies Index, that was designed to trace the performance of issuers in both the large-capitalization and rising blockchain segments.
In the end of last month, the CBOE [Chicago Board Options Exchange’s], alongside investment firm named VanEck and financial services company SolidX, re-applied with the United States SEC [Securities and Exchange Commission] for a rule amendment to list a Bitcoin [BTC] ETF. Whereas the companies initially filed with the SEC to list a Bitcoin-based ETF on 6th June, last year, the applying process has since experienced many delays, as the SEC pushed back its call on several multiple occasions.