Wall Street Vet Brian Kelly Launches Blockchain ETF

Investment manager Brian Kelly is launching a new blockchain startup-based exchange-traded-fund (ETF), he announced Wednesday.

Working in partnership with REX Shares founder Gregg King, Kelly will actively manage a portfolio of roughly 30 companies actively using blockchain technology and matching one of four general criteria, he told CoinDesk. The fund will support firms from the seed stage onward.

He told CoinDesk:

“When I look at the investment landscape, to me blockchain and cryptocurrencies are a once-in-a-lifetime investment opportunity … if I look at every other asset class, to me the most attractive investment is blockchain and cryptocurrency. The growth is explosive [and] the potential is enormous.”

He told CoinDesk:

He told CoinDesk:

While right now the fund may be invested in some enterprise companies, he believes that “over time we might become 100 percent pure play,” or entirely invested in blockchain-specific startups.