According to reports, ETC Group and the white label issuer HANetf announced their continued cooperation to launch the ETC Group’s digital assets and blockchain equity UCITS ETF, a fund that tracks other cryptocurrency products.
The new cryptocurrency-focused fund will provide the possibility of digital assets and blockchain investment in various thematic areas, according to report. Investors who cannot directly trade digital assets or do not want to hold non-UCITS may find new ETFs attractive.
ETC Group and HANetf are the major players in the multi-billion-dollar BTCEtc, the ETC Group’s physical Bitcoin (BTCE). BTCE is now the world’s largest directly supported Bitcoin (Bitcoin) ETP. BTCE’s average daily trading volume is US$26.3 million, which is more than seven times that of the second largest competitor in the industry. report Passed CryptoCompare last month.
Investors can now use the latest products of the partners to access digital infrastructure companies that are ready to benefit from the blockchain revolution, such as cryptocurrency mining, blockchain technology, and cryptocurrency trading and exchange companies.
According to Bradley Duke of ETC Group, digital assets and blockchain have taken a place in almost all sectors and industries on the planet. He went on to say:
“Because of its secure data, transparency and efficiency, blockchain and distributed ledger technologies are transforming industries from banking and financial services to healthcare and life sciences.”
ETF is one of the first European equity funds focusing on digital assets or blockchain companies.this Invesco Bitcoin Strategy ETF (BITA), First Trust Indxx innovative transactions and processes UCITS ETF (LEGR LN) and VanEck Vectors Digital Asset Stock UCITS ETFs are just some other Bitcoin-centric ETFs available.