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HANetf And ETC Group Continue Their Partnership With Blockchain Equity ETF

HANetf, the ETC Group and white-label issuer, and ETC Group Digital Assets continue their partnership with Blockchain Equity UCITS exchange-traded fund (ETF).

It has been reported that the new crypto-focused fund will provide digital assets and blockchain investment possibilities in a variety of subject areas. Investors who are unable to trade digital assets directly or do not wish to hold non-UCITS may find the new ETF appealing.

However, the ETC Group and HANetf are the main participants in the multi-billion dollar BTCEtc - ETC Group Physical Bitcoin (BTCE), which is now the world's largest directly-backed Bitcoin (BTC) exchange-traded product (ETP).

The report said that BTCE has average daily trading volumes of $26.3 million, which is more than seven times greater than the next highest competitor in the industry.

Likewise, investors can now use the latest offering by the partners to access digital infrastructure companies that are poised to benefit from the blockchain revolution, such as those in cryptocurrency mining, blockchain technology, and cryptocurrency trading and exchanges.

ETC Group's Bradley Duke, digital assets and blockchain said:

"Due to its secure data, transparency and efficiency, blockchain and distributed ledger technologies are transforming a wide variety of industries from banking and financial service to healthcare and life science."

Thus, the ETF is among the first European equity funds to focus on digital assets or blockchain firms. The Invesco Bitcoin Strategy ETF (BITA), First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR LN), and VanEck Vectors Digital Assets Equity UCITS ETF are just a few of the other Bitcoin-centric ETFs available.

Source: Cointelegraph



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