Milestone achieved in only 10 days
The Reality Shares Nasdaq NexGen Economy ETF (Nasdaq: BLCN), the
first passively managed exchange-traded fund (ETF) that seeks to
invest in leading global companies creating and implementing
blockchain solutions, hit $100 million in assets under management
(AUM).
BLCN debuted on Jan. 17, 2018 to fanfare and investor interest.
As a result, the fund traded more than 1.5 million shares in less
than 48 hours after launch and accumulated $86 million AUM within a
week of trading.
It hit the critical $100 million AUM threshold only 10 days
after its debut.
“We’ve been very pleased with investor appetite for BLCN so
far,” said Eric Ervin, CEO of Reality Shares. “We’re proud
investors have realized the growth potential of the dynamic
blockchain industry, which we believe is poised to disrupt and
change the world like the way the Internet did in the 1990s. We’re
looking forward to continuing to work with our partners – Nasdaq
and our experienced blockchain advisory board – to harness the
exciting investment opportunity presented by blockchain
technology.”
BLCN is comprised of companies committing material resources to
developing, researching, supporting, innovating or utilizing
blockchain technology for their proprietary use or for use by
others.
“Reality Shares sought a partner that shared our belief in an
index-based approach to investing in the blockchain economy, and we
are proud that Nasdaq answered the call,” Ervin said. “By
harnessing the Nasdaq blockchain team’s already deep entrenchment
in this space and our advisory board’s experience in the blockchain
and cryptocurrency markets, we constructed a product that utilizes
a data-driven algorithm that seeks to offer investors a less
volatile, less concentrated and more diversified way to invest in
this sector.”
In order to qualify for inclusion in the underlying index and
BLCN, companies must receive a high Blockchain Score™ based on the
following characteristics: role in the blockchain ecosystem,
blockchain product stage, blockchain economic impact, Blockchain
Institute membership, research and development expenditure, company
filings and innovation.
More information can be found at www.investinthechain.com or by
calling 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.
Definitions
Reality Shares Nasdaq Blockchain Economy Index: The Index is
comprised of global companies that seek to capitalize upon
transformational blockchain technology that may potentially disrupt
the markets in which they operate.
Correlation: The degree to which two securities or assets move
in relation to each other.
Disclaimer
Carefully consider the investment objective, risks, charges
and expenses before investing in Reality Shares ETFs. This and
other important information can be found in the Fund’s prospectus,
which may be obtained by calling 855-595-0240 or by visiting us
at investinthechain.com. Please read the prospectus
carefully before investing.
Investing involves risks, including possible loss of principal.
Shares are not FDIC insured and may lose value. Past performance
does not guarantee future results.
For BLCN, there is no guarantee or assurance the methodology
used to create the respective Benchmark Index will result in the
Fund achieving positive returns. The Fund may be more susceptible
to a single adverse economic or other occurrence and may therefore
be more volatile than a more diversified fund. Each Benchmark Index
is constructed using a rules-based methodology based on
quantitative models developed by Reality Shares. These quantitative
models may be incomplete, flawed or based on inaccurate assumptions
and, therefore, may lead to the selection of assets that produce
inferior investment returns or provide exposure to greater risk of
loss. Principal risks for the Fund include Authorized Participant
Concentration Risk, Blockchain Technology Risk, Depositary Receipt
Risk, Emerging Markets Risk, Equity Risk, ETF Trading Risk, Foreign
Issuer Exposure Risk, Geographic Concentration Risk, Non-Blockchain
Technology Business Line Risk, Index Performance Risk, Index
Tracking Error Risk, Sector Risk, Industry Concentration Risk,
Market Risk, and Non-Diversification Risk. See prospectus for full
description of risks, which may negatively impact the Fund’s
investment strategy and could cause the Fund to lose money.
Please review the prospectus for important risks regarding the
Fund, as each of these factors could cause the value of an
investment in the Fund to decline over short-and long-term
periods.
Blockchain technology is a new and developing technology
protocol developed by companies in a manner for optimizing business
practices. Blockchain technology is not a product or service with
an individually attributable revenue stream. Blockchain technology
may never develop optimized transactional processes that lead to
increased economic returns to any company in which the Fund
invests. There can be no assurance that blockchain technology will
affect the primary lines of business in the Fund’s portfolio
companies to have a positive impact on a company’s financial
condition.
The Benchmark Index was created and is maintained through a
collaboration between Reality Shares and Nasdaq, and the Fund is
listed on the Nasdaq exchange. The BLCN Fund is new and has limited
trading history.
ETF shares are not individually redeemable. Investors buy and
sell shares of the Fund on a secondary market. Only market makers
or ‘authorized participants’ may trade directly with the Fund,
typically in blocks of 25,000 shares. Brokerage commissions will
reduce returns. Market Price is based on the midpoint of the
bid/ask spread at the close of the market and does not represent
the returns an investor would receive if shares were traded at
other times.
Reality Shares Advisors, LLC is the Investment Advisor. ALPS
Distributors, Inc. is the Distributor for the Fund. ALPS
Distributors, Inc. is not affiliated with Reality Shares Advisors,
LLC.
RLT000975 Exp. 12/31/2018.
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version on businesswire.com: http://www.businesswire.com/news/home/20180131005133/en/
Gregory FCA for Reality SharesLeah Katsanis,
610-228-2117Realityshares@gregoryfca.com
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