A New Blockchain ETF Is Under SEC Approval: What Do We Know?

In the recent blockchain news, Horizon’s ETFs Management just filed for a new blockchain exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The filing took place on November 22nd, with an official prospectus from Horizons Blockchain Index in which it is said that:

“The [ETF] is an index fund that employs a ‘passive management’ investment strategy in seeking to provide investment results that, before fees and expenses, generally correspond to the performance of the Horizons Blockchain Index.”

According to the official filing, Horizons Blockchain Index is about to invest at least 80% of its total assets in the common stock of companies that are included in the fund. A large portion of those will be US and foreign equity securities and companies that participate in the ‘adoption and integration’ of the newly rising blockchain technology.

As for the actual index, it will be tracked using a ‘replication strategy’, according to Horizons ETFs Management. This strategy will invest in common stock in the index in proportion to is weighting. Moreover, it is about to accrue profits from companies that are posed to grow thanks to the blockchain technology.

Originally known as ‘Next Horizon’ or ‘NHZ’, Horizon was among the first clones of NXT which is a next generation digital currency platform which offers some major advantages over bitcoin technology. Over months of hard work, the Horizons ETF Management is about to introduce us to a new exchange-traded fund (ETF) which is totally unique on its own.

We are desperately waiting to see some of the unique features, level of professional quality and seamless integration that this ETF is about to offer.