Even after a tough first half of 2022 for cryptocurrencies, it has not put a dent in the growth of blockchain. According to a research collaboration from LinkedIn and OKXincreased the number of people working in the blockchain sector by almost 80% annually as of June 2022.
Blockchain workforce grows 80% according to survey
Blockchain technology is not isolated to just cryptocurrencies. From finance to healthcare, major industry players are using blockchain technology to improve their core business.
“Blockchain technology is one of the trendiest developments in business, finance and many other industries,” explained a Bitcoinist report. “Following the rise in popularity of cryptocurrencies, their entry into the public has produced new investment strategies and opportunities.”
“There has been an increase in the number of people finding work in this burgeoning technology sector as a result of the growing popularity of blockchain and cryptocurrencies,” the report added.
Even given the recent growth spurt, there is still room to expand. Blockchain technology is still in its infancy, which provides opportunities for further growth and expansion.
“Since its inception a little more than a decade ago, the blockchain sector has experienced tremendous expansion, but the rate of development has accelerated significantly in recent years,” the report said. “While the industry and its growth are often evaluated based on market capitalization, trading volume and other financial criteria, the firms that comprise this sector are led and managed by people with a wide range of skills.”
One way for investors to capitalize on this growth is to consider a blockchain-focused exchange-traded fund (ETF). An alternative to consider is Strengthen transformational data sharing ETF (BLOCK )which has an active management strategy that can flex with the movements of the market by placing holdings in the hands of experienced portfolio managers.
With 50 shares as of 12 August, BLOCK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves. As mentioned, BLOCK is actively managed, invests in companies that collaborate with or invests directly in companies that use and develop blockchain technology, which is 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.
- 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.
For more news, information and strategy, visit Crypto Channel.
