Metric sales

This oft-overlooked metric says a lot about blockchain activity

JHere are a plethora of analytics available that can gauge the strength of blockchain network activity, but there is one metric that could be overlooked: developer activity.

“You can measure blockchain growth in different ways,” said a post from Altcoin Buzz. “Popular metrics are number of users, TVL, or number of transactions. And indeed, you can get a lot of information from these stats. However, developer activity is another factor to look for.”

Just as the stock market needs the volume of active buyers and sellers, the blockchain network relies on developer activity to thrive. By using this metric, exchange-traded fund (ETF) investors can add it to their arsenal of tools when evaluating a fund for potential investment.

“A blockchain that lacks developers simply will not grow,” the article adds. “As a result, developer activity is one of the most important factors for blockchain growth.”

Diversified blockchain exposure in 1 ETF

Blockchain-focused ETFs can give investors exposure to blockchain opportunities through a dynamic and diverse investment vehicle using an active management strategy that could mitigate risk, something to keep in mind for investors. hesitant investors. One fund that can do all of this is the ETF Amplify Transformational Data Sharing (BLOK).

With 49 holdings as of July 11, BLOK adds diversified exposure and exposure to cryptocurrencies without investing in the currencies themselves. As mentioned, BLOK is actively managed, investing in companies in partnership or investing directly in companies using and developing blockchain technology, which is the technology behind cryptocurrencies like bitcoin.

Features of BLOK by its product website:

  • Global equity portfolio of professionally selected companies involved in blockchain technology and indirect exposure to crypto.
  • Active management approach that could allow the fund to remain flexible, make timely decisions, and identify companies best positioned to take advantage of the developing blockchain technology space.
  • Convenience and transparency of the ETF structure.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.