On Closer Inspection Your Blockchain ETF May Be a Tech Fund
- Largest holdings in blockchain funds are big tech companies
- Booming crypto tech ETFs have taken in $260 million in 2 weeks
Photographer: Andrey Rudakov/Bloomberg
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Sizzling new blockchain exchange-traded funds have raked in cash at an unprecedented pace, raising almost $260 million in less than two weeks.
But do investors know what they’re buying? Because behind the glitz of a hot ticker, they appear be paying a hefty price for some pretty basic technology stocks, such as Cisco Systems Inc., Intel Corp., Nvidia Corp. and International Business Machines Corp.