Blockchain technology will continue to experience exponential growth in the coming years, with certain estimates coming in at over $67 billion over the next four years.
Blockchain spending could reach $67 billion by 2026
While the private banking and finance sector has started to exploit the technology early on, there is also room for growth in the public finance sector. It is not a trend that happens in a specific country, but all parts of the globe are fixing blockchain use in their own public financial systems.
“Innovations such as blockchain give public finance managers greater visibility and control over the use of public funds in real time. Effective use of public money will lead to improved services to the public, economic uplift and the betterment of society as a whole,” said HashCash Consultants CEO Raj Chowdhury, who has had experience using blockchain in public finance in other countries such as India and regions such as Latin America.
Given the growth potential of blockchain technology, investors may want to get in on the ground floor with exchange-traded funds (ETFs) that focus on this disruptive opportunity in not just finance, but all business sectors. As such, actively managed Strengthen transformational data sharing ETF (BLOCK ) is an option to consider.
As mentioned, BLOCK has an active management strategy that can flex with the market’s movements by putting the holdings in the hands of experienced portfolio managers. BLOCK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves.
Given blockchain’s growing use overseas, global exposure adds a touch of diversification to portfolios. BLOCK is doing just that by looking at opportunities outside of just the US
While the majority of the fund (75%) contains holdings in North America-based companies, the fund also adds a touch of diversification with holdings in Western Europe and Asia-Pacific. This means that the fund can gain exposure to growth opportunities abroad where blockchain technology can be used to its full extent.
The fund invests in companies that collaborate with or invest directly in companies that use and develop blockchain technology, the technology behind cryptocurrencies such as bitcoin.
Summary of BLOK’s features per product website:
- Global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
- An active management approach that can enable the fund to remain flexible, make timely decisions and identify companies best positioned to profit from the evolving blockchain technology space.
- Convenience and openness of ETF structure.
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