Alternative Investments/Digital Assets: New, Blockchain-Focused ETF From Horizon Kinetics

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The actively managed ETF commenced trading on the NYSE on August 2.

Horizon Kinetics LLC launched the Blockchain Development ETF (NYSEARCA: BCDF) on August 2. The ETF will invest in companies benefit, either directly or indirectly, from the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies or distributed ledger technology. (Horizon Kinetics)

Various blockchain-based business models include exchanges, data and defense companies, asset managers, crypto financial services, and cryptocurrency mining/hosting.

“We have been closely following the emergence of blockchain technology for many years. In addition to the transformational nature of cryptocurrency, we believe that the applications of blockchain technology have the potential to be widespread and substantive. The movement toward tokenization is likely to deeply impact operations and security in a variety of ways. Blockchain Development Companies facilitate the issuance, transfer and custody of such digital assets by and between other companies,” said Murray Stahl, Founder, CEO, and Chief Investment Officer at Horizon Kinetics.

“Blockchain provides opportunities for both new and established companies to create solutions that advance the current capabilities of what we know. The technology is not conditional upon the success of any incumbent token and our investments will be allocated in a way that is not dependent upon a singular cryptocurrency or protocol. We believe blockchain is here to stay, even if its utilization is still widely misunderstood by industry participants. Our active approach allows us to focus on quality companies with applications that we feel provide the greatest value for our clients over time,” added Brandon Colavita, Co-Portfolio Manager.

Horizon Kinetics has 75 employees, assets under management of $6.8 billion, and offices in New York City, White Plains, NY and Summit, NJ.

Related Story: CI Global Launches Blockchain and Metaverse ETFs

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