Two of United States-based companies, AdvisorShares, Investment management, and Sabretooth Advisors, investments advisory company, have collaborated to introduce an exchange-traded fund (ETF) that will track tech companies including blockchain and cloud computing companies.

According to a report by MarketWatch on Feb. 6, the idea behind the new AdvisorShares Sabretooth ETF (ticker: BKCH) is that companies that employ cloud computing and are involved in emerging technologies like the blockchain would experience a hike in profitability and the share price within a reasonable time. The fund is all set to hit the market today, Feb. 7.

The emergence of the ETFs

Offered on all asset classes, including traditional investments and alternative assets like commodities or currencies, ETFs are basically marketable securities that track a mix of assets proportionately represented in the fund’s shares. ETFs enable the investors to short markets or to gain leverage.