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Ayalon Investment House joins the blockchain trend
Will issue a new mutual fund for investment in shares of companies engaged in the field and mining of digital currencies, whose exposure to shares will not be less than 75%.
Eyal Haim, VP of Ayalon Mutual Funds: "An innovative and developing technological field in which we identify potential.
Especially suitable for long-term investors "
Tags
Bitcoin
Investments
Ayalon
trust fund
Roast Greenberg
Monday, 25 October 2021, 08:40 Updated: 08:50
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The sharp rises in the Bitcoin rate are driving investors crazy. While the volatility of the exchange rate has kept solid investors out of the blockchain field, even they can not ignore the fact that although the virtual currency is exposed to dramatic changes in its exchange rate, over time - and despite steep declines from time to time, those who invest in cryptocurrencies are saturated.
Ayalon has identified that Israelis want to take part in the blockchain tender, and are leading the launch of another mutual fund to invest in the field's shares; The investment is expected to be issued tomorrow (Tuesday), a mutual fund investing in shares and mining companies Bloktz'iin digital currency traded abroad.
The fund's exposure to shares shall not be less than 75% and track the performance of companies included in the indices Nasdaq Index Economy Blockchain, Indxx Blockchain Index ,
and -50 BLOCK Blockchain Emerita-EQM.
A survey conducted by the investment house found that most companies in the field are traded on stock exchanges in North America (about 75%), and the rest on stock exchanges in Asia (about 15%) and Europe (about 10%).
It is estimated that the market value of all these companies is estimated at about $ 500 billion.
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Bitcoin exchange rate: as time goes on more investors see the opportunity in cryptocurrencies and less the risk (Photo: ShutterStock)
These are companies that develop applications related to the field of blockchain and mining, such as hardware and software, research and development, clearing and electronic wallets and more. One of those companies is the American 'Digital Marathon', which operates for digital asset mining and is traded on the US NASDAQ stock exchange worth around $ 5 billion.
Another example is the Coinbase crypto exchange, which serves as a trading platform for digital currencies and is also traded on the US NASDAQ exchange worth about $ 66 billion.
Eyal Haim, VP of Ayalon Mutual Funds
: "This is an innovative and evolving technological field, which we identify "Potential, and not just in terms of digital currencies. It should be emphasized, however, that these are volatile stocks and that the investment is more suitable for long-term investors than for short-term investors."
The blockchain sector is considered one of the hottest investment areas in the last 5 years, which has warmed up even more during the Corona period.
Since the beginning of the plague, it seems that the field has not stopped, and earlier this month Facebook even announced that it will soon launch 'Novi' - a crypto-based electronic wallet.
A number of giant companies have already announced activities in the field of blockchain and digital currencies, including PayPal, which reported about a year ago that it is developing capabilities in the field;
The clearing and credit giant 'Master Card', which announced earlier this year that it would incorporate an option to trade using blockchain-based currencies;
And even retail giants such as Walmart, which are expected to adopt and use slackchain technology by 2025 to track the food supply chain and increase transparency vis-à-vis the consumer.
In June this year, a similar mutual fund was launched by the Harel insurance company, which tracks the Nasdaq Blockchain Economy index, which has risen by 24.4% since the beginning of the year.
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