SAN DIEGO–(BUSINESS WIRE)–Reality Shares, an innovative asset management firm, exchange-traded fund (ETF) issuer and index provider, today launches the first ETF to give investors access to China-based companies potentially leading the blockchain technology revolution.
The Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA)tracks the Reality Shares Nasdaq Blockchain China Index, which seeks to identify and invest in Chinese companies committing material resources to develop and implement blockchain technology. The index rebalances semiannually and is comprised of 31 constituents.
“China is quickly becoming a global epicenter for blockchain innovation. In 2017, the nation filed for more blockchain-related patents than any other country in the world1, and the Chinese government recently endorsed blockchain technology as an economic ‘breakthrough,’” said Eric Ervin, CEO of Reality Shares. “China’s blockchain industry presents an incredibly exciting and long-term investment opportunity, and through BCNA, investors can now easily access this emergent market.”
BCNA’s index components are determined by Reality Shares’ proprietary Blockchain Score™ methodology, which evaluates companies based on seven key factors, including: role in blockchain ecosystem, blockchain product stage, blockchain economic impact, Blockchain Institute membership, research and development expenditure, company filings and innovation. In addition, the fund’s advisory board is stacked with six well-regarded blockchain and cryptocurrency executives who are involved in the research process.
Reality Shares entered the blockchain technology space earlier this year with the launch of the Reality Shares Nasdaq NexGen Economy ETF (Nasdaq: BLCN). BCNA serves as a complementary product to BLCN, offering U.S. investors exposure to Chinese blockchain-related company A-shares for the first time.
For more information, please visit http://go.realityshares.com/story/the-bcna-etf/ or call 855-595-0240.
About Reality Shares
Reality Shares is an innovative asset management firm, ETF issuer and index provider. Reality Shares’ goal is to democratize the world’s best investing ideas, using systematic quantitative methods to deliver products and solutions that support a wide range of investing objectives, such as diversification, lower correlation, risk mitigation or unique market exposures.
For more information, visit www.realityshares.com.
1. CoinTelegraph: “China Filed For The Most Blockchain Patents in 2017”, Mar 25 2018
The Reality Shares Nasdaq Blockchain China Index: The Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others, and are incorporated in Hong Kong and mainland China.
A-shares: They trade on the two Chinese stock exchanges, the Shanghai Stock Exchange and the Shenzhen Stock Exchange. A-shares are shares of mainland China-based companies.