2 New Ideas To Play Top AI, Bitcoin And Blockchain Stocks

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Whether you’re into artificial intelligence, Big Data, Bitcoin or blockchain, two new ETF offerings can help satisfy your tech-stock craving.

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Global X Future Analytics Tech (AIQ), the latest ETF from New York-based Global X Funds, launched Tuesday. The $49.8 million ETF tracks the Indxx Artificial Intelligence and Big Data Index, which is composed of companies with the potential to benefit from developing and using artificial-intelligence technology. It also includes companies that provide hardware to power AI systems.

Top 10 holdings in the fund include Baidu (BIDU), Facebook (FB), Alibaba Group (BABA), Qualcomm (QCOM) and Nvidia (NVDA). Each of those names represent about a 3% weighting.

“Given AI’s potential to impact a variety of sectors, we believe it is poised to become one of the most significant technological innovations of the modern era,” Alex Ashby, director of product development at Global X, said in a news release. “Our aim with all of our technology-thematic funds is to provide efficient access to the companies leading the charge in the world’s most disruptive trends.”

Global X Funds is known for its thematic ETFs such as $2.5 billion Global X Robotics & Artificial Intelligence (BOTZ) and $999.4 million Global X Lithium & Battery Tech (LIT). Its suite of thematic technology funds held nearly $4 billion in assets through April 30.

New Blockchain ETF

On Wednesday, a new blockchain offering debuted from Rex Shares and BKCM Funds founder and CEO Brian Kelly. Kelly will serve as lead manager for $2.5 million Rex BKCM (BKC), which targets companies poised to profit from blockchain technology and 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,” Kelly said in a statement. “What excites me most is that this opportunity may be really early on in its investment cycle.”

The U.S. represented a nearly 51% weighting, Japan 23%, Taiwan 16% and South Korea 6%. Canada and other countries made up the rest. Its top five holdings are Overstock.com (OSTK), SVB Financial Group (SIVB), Taiwan Semiconductor (TSM), and Japan’s GMO Internet and Global Unichip. They account for 40% of the 32-stock portfolio. Square (SQ), Advanced Micro Devices (AMD) and three other Japanese companies rounded out the top 10.

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