'BLOK" Gets Hit by Digital Asset Volatility in 2022

The video discusses the BLK fund, a blockchain ETF that launched in 2018 without the word 'blockchain' in its name due to SEC concerns. It highlights the fund's major holdings in US and Japanese financial services, and tech companies like IBM and Accenture. Despite having $430 million in assets, the fund's value has dropped significantly, with returns down over 50% this year. As an actively managed fund, it is costly, but it receives a green light from Bloomberg Intelligence, albeit with a warning for being actively managed.

What was the main reason the SEC encouraged the fund to remove 'blockchain' from its name?

• To prevent misleading investors with buzzwords

• To increase the fund's market value

• To comply with international regulations

• To avoid competition with other ETFs

Which of the following companies is NOT mentioned as a major holding in the fund?

• Accenture

• IBM

• GMO

• Microsoft

What is the approximate percentage decline in the fund's assets from its peak?

• 25%

• 90%

• 75%

• 50%

How does the Bloomberg Intelligence Traffic light system rate the fund?

• Red light for high risk

• No rating available

• Yellow light for moderate risk

• Green light with a warning

What is the cost of managing the fund in basis points?

• 25 basis points

• 71 basis points

• 100 basis points

• 50 basis points