The ETC Group and white-label issuer HANetf have reportedly introduced the continuation of their partnership with the introduction of the ETC Group Digital Belongings & Blockchain Fairness UCITS exchange-traded fund (ETF), which tracks different cryptocurrency merchandise.
The brand new crypto-focused fund will present digital belongings and blockchain funding prospects in a wide range of topic areas, according to stories. Buyers who’re unable to commerce digital belongings immediately or don’t want to maintain non-UCITS might discover the brand new ETF interesting.
The ETC Group and HANetf are the principle contributors within the multi-billion greenback BTCEtc – ETC Group Bodily Bitcoin (BTCE), which is now the world’s largest directly-backed Bitcoin (BTC) exchange-traded product (ETP). BTCE has common each day buying and selling volumes of $26.3 million, which is greater than seven occasions larger than the following highest competitor within the trade, according to areport by CryptoCompare final month.
Buyers can now use the newest providing by the companions to entry digital infrastructure firms which might be poised to learn from the blockchain revolution, reminiscent of these in cryptocurrency mining, blockchain expertise, and cryptocurrency buying and selling and exchanges.
Based on the ETC Group’s Bradley Duke, digital belongings and blockchain have taken maintain in practically each sector and trade on the planet. He goes on to say that:
“Attributable to its safe information, transparency and effectivity, blockchain and distributed ledger applied sciences are remodeling all kinds of industries from banking and monetary service to healthcare and life science.”
The ETF is among the many first European fairness funds to concentrate on digital belongings or blockchain corporations. The Invesco Bitcoin Technique ETF(BITA), First Belief Indxx Revolutionary Transaction & Course of UCITS ETF (LEGR LN) and VanEck Vectors Digital Belongings Fairness UCITS ETF are only a few of the opposite Bitcoin-centric ETFs obtainable.
