REX Shares, LLC (REX) and Brian Kelly, CEO and Founder of BKCM Funds, LLC (BKCM), announced the launch of the REX BKCM ETF (exchange-traded fund). Brian Kelly will serve as portfolio manager of the fund, actively managing a portfolio of companies seeking to profit from, the advancement of blockchain technology and the rise of cryptocurrency adoption.
“I get asked all the time on how to invest in blockchain technology without dealing with storage, the fears of hacking, hedge funds, etc. My hope is the BKC ETF can provide this desired equity allocation to institutions and individuals alike,” said Brian Kelly, CEO of BKCM and BKC ETF Portfolio Manager. “What excites me most, is that this opportunity may be really early on in its investment cycle.”
With over 30 industries exploring the use of blockchain, the emerging technology may fundamentally transform the way business is transacted. This disruptive innovation could impact supply chains, healthcare, governments, and financial services companies, among others.
“Due to the dynamic nature of the global blockchain and cryptocurrency ecosystem, we wanted a skilled active manager with deep blockchain experience,” said Greg King, CEO and Founder of REX Shares. “Having established himself as a leading hedge fund manager, author, and thought leader in the space, we’re excited to be partnering with Brian on the BKC ETF.”
Thomas Lee, Managing Partner and Head of Research at Fundstrat Global Advisors said “The BKC ETF really stands out because of the level of crypto industry connections and access that Brian has at the wheel.”