Exposure to crypto using blockchain ETF's, BLCNPurchasing crypto tokens is not the only way to gain exposure or profit from the development of web 3.0 and the myriad of potential uses for distributed ledger technology of which blockchain is a type. It is important when making investing decisions, particularly around new technologies, to try and
Key stats
About Siren Nasdaq NexGen Economy ETF
Home page
Inception date
Jan 17, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SRN Advisors LLC
BLCN is one of the first ETFs to focus on blockchain technology. The fund tracks an index of global companies committed to blockchain development. Although not an active fund, the index committee has wide discretion in selecting companies. The main criteria used to evaluate a company is the level of material resources it has committed to researching, developing, supporting, and expanding the use of blockchain technology. All criteria are eventually rolled up to form the BlockChain Score. The index includes the 50-100 highest scoring companies, giving greater weight to higher-scoring companies. Because blockchain technology has uses across varying industries, BLCN could have exposure to multiple sectors. The index is reconstituted and rebalanced semi-annually. Note: The fund was acquired by SRN Advisors. Prior to November 23, 2020, the fund and index names were Reality Shares Nasdaq NexGen Economy ETF and Reality Shares Nasdaq Blockchain Economy Index, respectively.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Stock breakdown by region
Top 10 holdings
BLCN ETF - BTDAn ETF I'm excited to follow. Reality Shares Nasdaq NexGen Economy ETF launched last week. The ETF will invest exclusively in blockchain-based companies and they will limit themselves to only investing in companies with a market cap of greater than $200mil.
“BLCN uses the Blockchain Score company r
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Moving Averages
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.