Hopkins further points out that current existing blockchain ETFs, like BLOK and BLCN
, "are heavily correlated with technology stocks, and a lot of the blockchain ETFs are holding traditional technology company stocks inside, like Microsoft and Intel."
Instead, BLCN was successful in arguing that it is the cumulative effect of the 19,000 individual authorizations for development of approximately 300 projects throughout the territory that it is contesting, not each authorization.
However, he notes that BLCN believes it is the strategy of both levels of government to outspend the First Nation.
BLCN's court battle has attracted international attention, including funding from the Co-Operative Bank of the United Kingdom.
While BLCN waits for the case to move forward, there is concern over pending development.
BLCN could also pursue injunctions to stop development as part of the trial.