HANetf, Europe’s white label ETF provider, has announced it has partnered with ETC Group to create the ETC Group Digital Assets & Blockchain Equity UCITS ETF.
The fund will list on London Stock Exchange in mid-November and will be passported for sale across Europe.
The ETC Group Digital Assets & Blockchain Equity UCITS ETF will aim to deliver pure-play exposure to the digital assets and blockchain ecosystem companies including those that have business operations in the field of blockchain technologies including cryptocurrency mining, blockchain technology or cryptocurrency trading and exchanges.
According to the firms, experts are stating that blockchain has the potential to add over $1.37 trillion to the global economy by 2030, therefore this ETF provides access to wide-scale, long-term investment opportunities in the infrastructure behind the blockchain technologies.
The ETF tracks the Solactive ETC Group Digital Assets and Blockchain Equity Index and has a Total Expense Ratio of 60 basis points.
Bradley Duke, chief executive 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 services, 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 (pictured) co-founder and co-chief executive at HANetf added: “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.”
