Technology

Meet the Biggest and Best Blockchain ETFs

Reality Shares Nasdaq NexGen Economy ETF (NASDAQ: BLCN) has been around since January 2018, and it aims to track the Reality Shares Nasdaq Blockchain Economy Index. It targets companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their use or for use by others. It had $68.5 million in assets under management. Its overall expense ratio is 0.68%, and it has traded up 11% so far in 2019. This fund has a total of 64 holdings. The top 10 holdings include many large-cap tech firms from the United States:

  1. SAP (2.20%)
  2. Accenture (2.06%)
  3. Microsoft (2.03%)
  4. Advanced Micro Devices (1.95%)
  5. Tencent Holdings (1.91%)
  6. Digital Garage (1.90%)
  7. JPMorgan Chase (1.89%)
  8. Cisco Systems (1.88%)
  9. International Business Machines (1.88%)
  10. Fujitsu (1.87%)

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ: LEGR) has been around since January 2018, and it tracks the Indxx Blockchain Index. The ETF targets companies that are actively using, investing in, developing or have products that are poised to benefit from blockchain technology or the potential for increased efficiency that it provides to various business processes. It had $39.7 million in assets under management, and its overall expense ratio is 0.65%. It has traded up 11% year to date. The fund’s top 10 holdings are practically all large-cap domestic tech firms:

  1. AMD (2.24%)
  2. Wirecard (2.22%)
  3. SAP (2.10%)
  4. PayPal (1.97%)
  5. Honeywell (1.96%)
  6. Microsoft (1.95%)
  7. Accenture (1.94%)
  8. Telfonaktiebolaget LM Ericsson (1.90%)
  9. Swisscom (1.88%)
  10. Amazon (1.86%)

Innovation Shares NextGen Protocol ETF (NYSEARCA: KOIN) has been around since January 2018. It aims to track the Innovation Labs Blockchain Innovators Index, and it targets companies that are known for their involvement in, investment in or adoption of cryptocurrency and blockchain technology. Its overall expense ratio is 0.95%, and it has $9.5 million in assets under management. So far, it has traded up 14% in 2019. The top 10 holdings include many major tech firms from the United States:

  1. Amazon (4.83%)
  2. Microsoft (4.72%)
  3. Mastercard (4.61%)
  4. Taiwan Semiconductor Manufacturing (4.61%)
  5. Visa (4.54%)
  6. Nvidia (4.43%)
  7. SAP (4.36%)
  8. Nestle (4.15%)
  9. BP (4.13%)
  10. Cisco Systems (4.12%)