HOLY BLOCKCHAIN. BATMAN!! Did anyone think the flow of money into funds targeting blockchain may have slowed? NO, NO NO! Just a few weeks ago a blockchain ETF launched by Amplify started with a seed of $2.5M, grew to $40M IN ONE DAY and at the end of last week had $175M in AUM. Check out the symbol BLOK. ANOTHER, Rival Reality Shares began their blockchain ETF on the same day as BLOK with $2.5M, grew to $25M AUM on the first day and last week had $86.7M AUM (check BLCN). And these are not cryptocurrency holding funds. The money keeps on flowing......at least into blockchain. WOW! (Bill Taylor/CEO)


"Two new funds targeting the blockchain world have seen inflows jump by 1,000%, at least, in one day.

It's even more crazy when stretched out over a period of time. Companies working with blockchain technologies, whether they are fairly young startups or corporate titans like IBM, have helped two new blockchain funds get pumped up like bitcoin on anabolic steroids.

On January 17, Amplify launched their blockchain ETF called the Amplify Transformational Data Sharing (BLOK) fund. It didn't need the word bitcoin, crypto, or blockchain it its title. Everyone knew what it was. The ETF started with $2.5 million in seed funding. On day one, it grew to approximately $40 million. As of Jan. 26, it has $175 million in assets under management (AUM), the company said today. The passively managed fund's share price has only gone up around 4%.

Then there's the new kid on the block. Rival Reality Shares launched their version of a blockchain ETF on the same day. It too started with just $2.5 million from their market maker. Inflows increased the fund's AUM by 10 times on the first day of trading. Three days later, as of Jan. 25, the Reality Shares Nasdaq NextGen Economy (BLCN) fund has $86.7 million and is slated to reach $120 million this month, "for sure," says Reality Shares CEO and co-founder Eric Ervin..."


Full Story at Forbes.com