The blockchain is a digital ledger in which transactions are recorded that provides a secure and unalterable record of transactions, storing them in linked blocks of data. Blockchain technology powers cryptocurrencies, and its adherents claim much wider applications than just supporting digital money. Blockchain ETFs seek exposure to companies collecting revenue from blockchain, or developing and researching blockchain technology.
With 5 ETFs traded on the U.S. markets, Blockchain ETFs have total assets under management of $1.85B. The average expense ratio is 0.63%. Blockchain ETFs can be found in the following asset classes:
- Asset Allocation
The largest Blockchain ETF is the Amplify Transformational Data Sharing ETF BLOK with $1.36B in assets. In the last trailing year, the best-performing Blockchain ETF was BLOK at 88.32%. The most recent ETF launched in the Blockchain space was the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF BLKC on 10/07/21.