Global X ETFs, a member of Mirae Asset Financial Group with more than $620 billion in assets under management, has announced the Global X Blockchain ETF (BKCH) on the London Stock Exchange and Deutsche Börse Xetra.
BKCH is designed to provide investors with a portfolio of companies expected to benefit from increased blockchain adoption. This includes crypto mining, digital asset transactions, blockchain applications, hardware and asset integration, according to the firm. The fund tracks the Solactive Blockchain v2 Index and will join Global X’s existing lineup of 18 UCITS ETFs in the European market. Investors will pay a management fee of 0.50%.
Morgane Delledonne, Director of Research, Europe at Global X ETFs, said there is a growing number of companies contributing to the development of blockchain technology:
“Leveraging Global X’s expertise and knowledge of the rapidly evolving blockchain landscape, BKCH will allow European investors to gain exposure to the asset class across a range of different sectors and industries.”
The company believes that beginning with Bitcoin, the first major application of blockchain technology, is now evolving to include valuable use cases ranging across multiple segments of the economy, including smart legal contracts, tracking and monitoring supply chains, and accessing and sharing health care records.
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