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Stock impact report

ETF Focus: Ignore the ‘blockchain gimmicks’ say the men behind the new blockchain ETFs [MarketWatch]

Siren Nasdaq NexGen Economy ETF (BLCN) 
US:NASDAQ Investor Relations: nasdaq.com/symbol/blcn/stock-report
Company Research Source: MarketWatch
Ignore the ‘blockchain gimmicks’ say the men behind the new blockchain ETFs Some of the most remarkable moves in the U.S. stock market over the past few months have been in companies announcing an initiative related to blockchain, the decentralized-ledger technology best known as the foundation behind bitcoin and other cryptocurrencies. The stock spikes demonstrate the level of excitement that exists behind a technology some say could prove to be as world-changing as the internet . But two men, each of whom just launched a blockchain-related exchange-traded fund—the first two to hit the market, both debuting on Wednesday—aren’t enjoying this wave of enthusiasm. Instead, they’re issuing a warning. “These companies seem like gimmicks, and in some cases it seems like there’s misrepresentation with what they’re doing. Investors shouldn’t just be reacting to news that’s been coming out but ensuring that what they’re investing in has a business plan and a business model. Otherwise there’s s Show less Read more
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