Market Overview

REX and BKCM Launch Actively Managed Blockchain Companies ETF Led by Brian Kelly


, LLC (REX) and Brian Kelly, CEO and Founder of BKCM
Funds, LLC (BKCM)
, today announced the launch of the REX BKCM
ETF (NYSE:BKC). Brian Kelly will serve as portfolio manager of the
fund, actively managing a portfolio of companies seeking to profit from,
the advancement of blockchain1 technology and the rise of
cryptocurrency2 adoption.

This press release features multimedia. View the full release here:

"I get asked all the time on how to invest in blockchain technology
without dealing with storage, the fears of hacking, hedge funds, etc. My
hope is the BKC ETF can provide this desired equity allocation to
institutions and individuals alike," said Brian Kelly, CEO of BKCM and
BKC ETF Portfolio Manager. "What excites me most, is that this
opportunity may be really early on in its investment cycle."

With over 30 industries exploring the use of blockchain, the emerging
technology may fundamentally transform the way business is transacted.
This disruptive innovation could impact supply chains, healthcare,
governments, and financial services companies, among others.

"Due to the dynamic nature of the global blockchain and cryptocurrency
ecosystem, we wanted a skilled active manager with deep blockchain
experience," said Greg King, CEO and Founder of REX Shares. "Having
established himself as a leading hedge fund manager, author, and thought
leader in the space, we're excited to be partnering with Brian on the

"Brian's deep understanding of the crypto and blockchain ecosystem,
combined with his background as a global-macro portfolio manager brings
true blockchain experience to the ETF world," said Thomas Lee, Managing
Partner and Head of Research at Fundstrat Global Advisors. "The BKC ETF
really stands out because of the level of crypto industry connections
and access that Brian has at the wheel."

About REX Shares

REX Shares believe in empowering investors. We help make the investing
world flat by democratizing access to investment strategies of all
kinds. REX overcomes barriers to deliver investment products that seek
to level the playing field. REX was founded by Greg King, creator of
over 85 exchange-traded products for Barclays, Credit Suisse, Global X
Funds, and VelocityShares.

About BKCM

Founded by Brian Kelly, BKCM Funds, LLC is an investment firm
specializing in macroeconomics and digital assets. Brian Kelly is an
investor, author, and financial markets commentator. He is an expert in
global financial markets, macro-economics, and digital currencies. Brian
Kelly has over twenty years' experience in financial markets and is the
author of the book The Bitcoin Big Bang – How Alternative Currencies are
About to Change the World. He is a CNBC contributor and can be seen
regularly on Fast Money.

Disclosures & Definitions

1Blockchain is a decentralized, digitally disseminated ledger
of data. The basis of a successful blockchain system is once a new group
of information, or "block", is added, the information automatically
disseminates and is downloaded to each computer on the network. This
assures that if one computer tried to change information on a block, the
consensus of all the other computers' blocks would triumph. This process
renders all information on a completed block decentralized and
theoretically permanent.

2A cryptocurrency is a digital currency typically utilizing a
Blockchain system for transaction records and cryptography for security.
The major differentiator from physical currency is it isn't issued by a
central authority and thus theoretically acts independently of
traditional banking and government influence.

Exchange Traded Concepts, LLC serves as the investment advisor and
Vident Investment Advisory & BKCM Funds, LLC serves as sub advisor to
the fund. The Funds are distributed by Foreside Fund Services, LLC.,
which is not affiliated with Exchange Traded Concepts, LLC or any of its

Shares are bought and sold at market price (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions will reduce
returns. Rex NAVs are calculated using prices as of 4:00 PM Eastern
Time. The closing price is the Mid-Point between the Bid and Ask price
as of the close of exchange. In addition to the normal risks associated
with investing, international investments may involve risk of capital
loss from unfavorable fluctuation in currency values, from differences
in generally accepted accounting principles or from economic or
political instability in other nations. In emerging markets, these risks
are heightened, and lower trading volumes may occur. Investments in
smaller companies typically exhibit higher volatility.

Carefully consider the Funds' investment objectives, risk factors,
charges and expenses before investing. This and additional information
can be found in the Funds' summary and full prospectuses, which may be
obtained by calling 1-844-REX-1414. Read the prospectus carefully before

Cryptocurrency Risk. By virtue of the Fund's investment in stocks
that derive revenue from cryptocurrency-related activities, shareholders
may be exposed indirectly to the risks of cryptocurrencies.
Cryptocurrencies are extremely new and nontraditional assets and a
potential shareholder's ability to evaluate the performance of
cryptocurrencies be limited. Digital assets, represented on a
decentralized public transaction ledger that is maintained by an open
source protocol, are substantively different from traditional assets and
investments. Because if the complex nature of cryptocurrency, an
investor in the Fund may face numerous material risks that may not be
present in other investments. Current IRS guidance indicates that
digital assets such as cryptocurrencies should be treated and taxed as
property, and that transactions involving the payment of cryptocurrency
for goods and services should be treated as barter transactions. This
treatment may create a potential tax reporting requirement in any
circumstance where the ownership of a cryptocurrency passes from one
person to another.

Blockchain Technology Risk. The stocks in which the Fund will
invest will be subject to the risks associated with blockchain
technology, which is a new and relatively untested technology. The risks
associated with blockchain technology may not emerge until the
technology is widely used. Blockchain systems could be vulnerable to
fraud, particularly if a significant minority of participants colluded
to defraud the rest. Access to a given blockchain requires an
individualized key, which, if compromised, could result in loss due to
theft, destruction or inaccessibility.

An investment in the Fund in is subject to risks including loss of
principal. There can be no assurance the Fund will achieve it's
investment objectives. The Fund can be more volatile than broad market
averages. Additional risks for the Fund include: emerging markets risk,
foreign securities risk, geographic risk, geopolitical risk, liquidity
risk, non-diversification risk, technology risk, and valuation risk. For
a complete description of these risk please read the prospectus

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