FYI: During the Gold Rush, it was a common belief that entrepreneurs could make more money selling equipment to the miners hoping to strike it rich, rather than taking their chances on finding the precious metal itself. An exchange-traded fund is trying to make a similar play with what has been described as the gold of the 21st century: bitcoin.
ETFs oAmplify n Thursday filed for the Amplify Blockchain Leaders ETF, a fund that seeks to offer exposure to companies and other securities involved in blockchain, the technology that bitcoin and other cryptocurrencies run on. It essentially functions as a decentralized ledger used to record and verify transactions, and it is what allows digital currencies to function as a way to exchange value without the participation of a central bank or government.
Regards,
Ted
https://www.marketwatch.com/story/a-potential-etf-looks-to-provide-exposure-to-blockchain-bitcoins-foundational-technology-2017-11-02/print
