When Mike Venuto first explored bitcoin in 2015, he believed that cryptocurrencies could eventually hit the entire exchange-traded fund industry. “When I started doing the initial research, my first reaction was that this technology could replace the ETF,” the Amplify Transformational Data Sharing ETF (BLOK) manager said in a recent interview with Insider. “It gets rid of a bunch of trusted third parties and makes things more decentralized and more efficient.” An exchange traded fund or ETF tracks a specific sector, strategy or topic. BLOK actively manages about $ 1.1 billion in assets and invests at least 80% of them in blockchain-related stocks. It has provided an annual return of 47% over the last three years, along with the Dow…

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