Investment marketplace Reality Shares has teamed up with Nasdaq to launch an index tracking companies in the nascent blockchain industry.
The smart-beta index – called the Reality Shares Nasdaq Blockchain Economy Index – is compiled by using internal and external research, as well as a proprietary "Blockchain Score" ranking system, a press release states.
Reality Shares is also planning an exchange-traded fund (ETF) that will track the index and has already filed the proposal with the U.S. Securities and Exchange Commission.
Fredrik Voss, vice president of blockchain innovation at Nasdaq, said that the collaboration represents a "tangible way" to track the growth of blockchain sector. The blockchain index may include equity securities of both operating and non-operating companies, the ETF filing states.
Eric Ervin, CEO of Reality Shares said:
Chart image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.