Transformational Data Sharing ETF (BLOK) is an actively managed ETF that invests in blockchain, fixed data storage, and companies. Blockchain can transform finance, programming, and information technology and enrich blockchain companies and partners. Blockchain companies are slightly more risky than average because the technology may fail to be widely adopted.
Black Classic is a high-risk investment opportunity and is suitable for investors expecting blockchain exposure. Due to the importance of the fund and the high level of risk, the level of funds should be small. A fund is an inappropriate option for high-risk investors, especially for those seeking safe, reliable dividends.
Blockchain – Overview
I’ll start with a simple blockchain overview. MIT has an in-depth study here, while the World Economic Forum provides its simple explanation here.
Blockchain is a secure method of data storage and manipulation.
Blockchain is usually managed by a decentralized network: no company or computer server can store or manipulate data alone. Blockchain is updated through such a decentralized network, and blockchain transactions are recorded and distributed in the public ledger.
You can use the blockchain to store or handle any data.
Bitcoin uses the blockchain to store and trade bitcoins. Other cryptocurrencies also use blockchain.
Ethereum uses a blockchain to store and run computer programs.
The Filecoin system uses a blockchain to store files.
In practice, blockchain has the potential to adopt the financial and information technology industries.
Blockchain – Investment Thesis
The investment thesis of blockchain includes many aspects of its core technology.
The blockchain is secure because basic technology makes it very difficult to control data destructively.
The blockchain has been decentralized, meaning that the will has no centralized authority to manipulate the original data. No one can steal your Bitcoin, remove your Colcoins or edit your Ethereum programs.
The blockchain is versatile and can be used to store and manipulate all types of data.
The blockchain is obvious because the network’s basic systems are well-known and open source.
The blockchain can be tracked as all transactions are recorded in the public ledger.
Combine the above and you will get a powerful and modern data storage network. Blockchains can lead to networks with high speeds and low fees, but they are different.
In conclusion, I think this is what is important, blockchain and crypto growth are very popular in circles. This means that, in practice, blockchain and crypto programs and networks are more modern and advanced than traditional networks.
For example, suppose the FTX exchange is a crypto-centric exchange, Coinbase (COIN), where users can purchase cryptocurrency. This includes easy access to futures, market forecasts, stocks, tokens, and foreign exchange. FTX is much better than traditional exchanges with 24-hour trading, almost instant settlement times and easy access to futures, market forecasts, stocks, tokens and foreign exchange.
FTX has many advantages over more traditional exchanges, none of which to my knowledge is actually with blockchain or crypto. It is a high-tech exchange, dedicated to blockchain/crypto security, as the development team prefers space. Blockchain technology is somewhat of a coincidence in this entire endeavor. I think so, but, crucially, not in the opinion of the FTX board. They like blockchain, so they focus on blockchain, which also applies to many interesting financial and software projects over the years. This means that, in practice, blockchain companies are generally more innovative and innovative than average. Blockchain is the future, or at least some of the smartest people in the industry think.
Blockchain – Negative
There is a lot of positivity in the blockchain, but also a lot of negatives.
Blockchain is generally expensive and inefficient because decentralized networks are often redundant. A centralized server is usually sufficient to store data. For example, the known energy use of bitcoin is wasteful, although some blockchain applications are excellent.
Most importantly, it is my own opinion, it is a solution to a problem. Centralized data storage networks work better, and most blockchain programs are abandoned by companies for immediate realization. Unbroken and do not make it all right. For example, many banks have tried to move their back-office operations to the blockchain, but these efforts have never gone anywhere.
Finally, the above relates to some extent that blockchain is a relatively dangerous technology in the sense that adoption will be minimal, and it is unclear what technology will be widely adopted. Most of the blockchain projects or initiatives have been abandoned, as mentioned earlier, and it looks like this will be for some of the rest.
Combine these negatives with previously stated positives, and it seems to me that blockchain is a promising technology, even though it has few applications in the real world to date. I think it has a lot of potentials, blockchain investment yields strong returns, but I’m not really confident.
With the above points, let’s take a look at BLOCK.
Black – Overview
BLOK is an actively managed ETF investment in blockchain securities and technology-related companies.
BLOK looks at the blockchain industry in detail.
These funds invest directly in blockchain securities. Bitcoin accounts for about 2% of the fund’s value by investing in the Grayscale Bitcoin Foundation (OTC: GBTC).
The fund invests in companies involved in blockchain trading/transactions.