London Stock Exchange welcomes HANetf and ETC Group celebrating the launch of the ETC Group Digital Assets & Blockchain Equity UCITS ETF.
Crypto specialist ETC Group and white-label issuer HANetf have extended their partnership with the unveiling of the ETC Group Digital Assets & Blockchain Equity UCITS ETF. The fund, which is set to list on London Stock Exchange in US dollars (KOIN LN) and pound sterling (KOIP LN), offers thematic equity exposure to companies operating within the digital assets and blockchain ecosystem.
The new crypto-focused fund will present digital property and blockchain funding potentialities in quite a lot of topic areas, according to experiences. Investors who’re unable to commerce digital property immediately or don’t want to maintain non-UCITS might discover the new ETF interesting.
And so on, Group and HANetf are major participants in the billion dollar BTCEtc – Etc Group’s physical Bitcoin (BTCE), currently the largest directly backed Bitcoin (BTC) ETP in the world. BTCE has an average daily trading volume of $ 26.3 million, more than seven times larger than the next highest competitor in the industry, according to a CryptoCompare report last month.
Securities in the underlying benchmark are adjusted on a quarterly basis. They must also have a minimum market cap of $100m, a minimum daily trading volume of $1m and must have their primary listing on a regulated exchange within Solactive’s ‘relevant list’ of developed markets.
Bradley Duke, CEO of ETC Group said: “Digital assets and blockchain have begun to persist in almost every sector and industry worldwide. Due its secure data, transparency and efficiency, Blockchains and distributed ledger technologies are transforming a wide variety of industries, from banking and financial service, to healthcare and life science. We’re thrilled to be able to launch ETC Group Digital Assets & Blockchain Equity UCITS ETF – KOIN to offer an alternative to investors who seek exposure to blockchain and digital assets but are unable to access cryptocurrencies or digital asset-backed ETPs directly”.
Hector McNeil co-Founder and co-CEO at HANetf: “We are delighted to partner with ETC Group again to offer a complementary product to the existing suite of exchange traded cryptocurrencies. Launching ETC Group Digital Assets & Blockchain Equity UCITS ETF – KOIN further expands our range of innovative ETFs and ETCs on the HANetf platform. Investors are increasingly looking for alternative ways to access both underlying crypto markets and the blockchain technology underpinning this high growth industry, and they can do this both through ETC products such as BTCetc – ETC Group Physical Bitcoin ETC and now through KOIN ETF. This is similar to the way investors access gold through both investing in the commodity directly and also through and gold mining companies or gold miner ETFs.”