REX Shares, a provider of alternatives strategy funds and exchange-traded funds, is partnering with Brian Kelly, founder and CEO of BKCM, to develop a line of ETFs and other funds designed to give investors exposure to the blockchain technology, cryptocurrency and digital assets sectors.
Kelly, who is also a contributor to CNBC and an investor in REX Shares, will serve as a portfolio manager for the suite of funds.
“By partnering with REX, we hope to bring a greater opportunity set of cryptocurrency and blockchain strategies to investors who are looking for access in secure and transparent ways,” Kelly said in a statement.
Kelly is reported to be an early believer in cryptocurrencies, investing since 2012 and having launched one of the first cryptocurrency hedge funds.
According to the press release, REX and BKCM see a large demand for regulated investment products that give exposure to the potential value creation taking place with the evolution of cryptocurrencies and blockchain technology.
REX Shares founder and CEO Greg King has also been an early investor in the sector, personally investing in cryptocurrencies since 2013. King said REX Shares chose Kelly as a partner because of his experience in cryptocurrency as well as his commitment to investor education.
“Brian is a knowledgeable portfolio manager who uses his platforms, such as CNBC’s Fast Money as well as his book ‘The Bitcoin Big Bang,’ to educate investors on cryptocurrencies, the technology behind them and why he believes they are important,” King said in a statement.
Last month bitcoin futures contracts started trading at the CME and cboe Global Markets and the NYSE filed with the SEC to list two ProShares bitcoin ETFs.
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