This article was originally published on ETFTrends.com.
Blockchain technology can add value to your exchange traded fund portfolio and do more than just track cryptocurrencies.
In the recent webcast, Beyond Bitcoin: How Blockchain is Transforming the Investment Industry, Bill Belden, President, Amplify ETFs, highlighted the growth potential of blockchain technology. For instance, worldwide spending on blockchain solutions in 2019 was $2.9 billion with only 29% of companies in the consumer products & manufacturing industry currently using the technology. Looking ahead, Belden projected that the size of the global blockchain market could grow from $3 billion in 2020 to $39.7 billion by 2025, a compound annual growth rate of 67.3%. This growth will be driven by three main sources, including venture funding, enterprise investment in blockchain technology, and the rise of blockchain solutions for supply chain management. Additionally, we will see greater geographic expansion into emerging markets and the potential