In this episode of ETF Spotlight Podcast, I talked with bitcoin expert Brian Kelly, portfolio manager of the REX BKCM ETF(BKC - Free Report) and Greg King, CEO of REX Shares.<\/p>\n
Brian is CNBC cryptocurrencies correspondent and author of the book The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World.<\/p>\n
Bitcoin had skyrocketed to above $19,500 in December last year from around $1,000 at the beginning of the year. It is now trading around $6,400.<\/p>\n
First off, we discussed whether individuals should invest in bitcoin and other cryptocurrencies. We also talked about the ICO market.<\/p>\n
Late month, the SEC rejected 9 bitcoin proposals from 3 different issuers. In July, they had reiterated their decision to reject Winklevoss bitcoin ETF proposal. Then last week, they postponed the decision on VanEck\/SolidX bitcoin ETF again.<\/p>\n
The SEC is mainly concerned about the potential for fraud and manipulation. Custody also remains a potential issue. The agency has also mentioned low trading volumes of bitcoin futures.<\/p>\n
Will we see a bitcoin ETF any time soon? What is the SEC looking for?<\/p>\n
We then talked about the blockchain technology that underpins bitcoin and other cryptocurrencies, and its transformative potential.<\/p>\n
Blockchain could be more disruptive than the internet,Brian explained why.<\/p>\n
BKC holds global stocks that generate revenue from cryptocurrency-related and enterprise blockchain technology-related companies. Greg explained how companies are selected for inclusion in the portfolio.<\/p>\n
AMD (AMD - Free Report), Overstock (OSTK - Free Report), Square (SQ - Free Report) and CME Group (CME - Free Report) are among the top holdings in the portfolio.<\/p>\n
BKC is actively managed by Brian Kelly. We discussed the importance of active management in this rapidly evolving space. <\/p>\n
While many investors associate blockchain only with bitcoin and other cryptocurrencies, the technology has so has many applications in other areas.<\/p>\n
What else should investors know about bitcoin and blockchain? Find out on the podcast.<\/p>\n
Please visit https:\/\/rexshares.com\/<\/a> to learn more about BKC and other REX ETFs.<\/p>\n Make sure to tune in for our next podcast. If you have any comments or question, please email podcast@zacks.com<\/a><\/p>\n Want key ETF info delivered straight to your inbox?<\/p>\n Zacks free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >><\/p>\n <\/p>\n Read more from the original source: <\/p>\n Crypto Guru on Bitcoin, ICOs, Blockchain, ETFs, & More ...<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In this episode of ETF Spotlight Podcast, I talked with bitcoin expert Brian Kelly, portfolio manager of the REX BKCM ETF(BKC - Free Report) and Greg King, CEO of REX Shares. Brian is CNBC cryptocurrencies correspondent and author of the book The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World. Bitcoin had skyrocketed to above $19,500 in December last year from around $1,000 at the beginning of the year. Continue reading