Two US investment firms launch an ETF in a joint venture. This fund integrates IT companies that work with blockchain and cloud computing. While the approval of a Bitcoin ETF is still being postponed by the SEC, the AdvisorShares Sabretooth ETF can be of help to blockchain companies.
Investment management and investment advisory firms AdvisorShares and Sabretooth Advisors have announced the release of an ETF for February 7, according to a Market Watch report. The exchange-traded fund tracks companies that operate with blockchain and cloud computing.
The stated goal of the AdvisorShares Sabretooth ETF (Ticker BKCH) is to add value for investors to the rise of companies using crypto and other emerging technologies. The basis is an increase in the stock market value of the companies through positive growth forecasts regarding profitability.