First ETF on Nasdaq

Reality Shares Advisors and Amplify Trust ETF launched the first blockchain-based exchange-traded funds (ETFs) on Nasdaq today, which opened at $24.20, while Amplify's Transformational Data Sharing ETF (BLOK) started closer to $20.
Both ETFs will exclusively invest in blockchain-based companies. When the prospectuses were first filed in November 2017, the companies were concerned about investing in blockchain startups. But, as a result, they invested only in companies with a market capitalization of greater than $200 million and which had a six-month daily trading average of at least $1 million.
Reality Shares have developed an index with Nasdaq to track blockchain startups which the ETF will utilize, said Kian Salehizadeh, an analyst with Reality Shares. Nasdaq's blockchain research team forms part of the index's contributors. The index is further supported by an algorithm developed by Reality Shares.

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