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Back the Blockchain With This ETF

By BenZinga
FinTech

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Semiconductor stocks and exchange-traded funds were slammed last week as investors soured on what has been one of the best-performing corners of the already hot technology sector this year. The VanEck Vectors Semiconductor ETF (NYSE: SMH) slipped 6 percent last week.

Investors ditched semiconductor stocks in favor of financials, transportation stocks and other names levered to the Trump administration’s tax overhaul efforts. Even with the recent slide, SMH is up nearly 39 percent year-to-date and the ETF remains an ideal way of playing the boom in blockchain technologies.

Blockchain is the central ledger of sorts for cryptocurrency, including bitcoin transactions. Amid increasing acceptance of blockchain technology, ETF issuers are scrambling to participate …

Read the full story at Benzinga.

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