The ETC Group announced a new blockchain-based ETF with HANetf, the sixth largest exchange in China. The company plans to launch two more funds later this year including one for Ethereum Classic and another for Ripple’s XRP token.
The “ETC Group announces new blockchain equity ETF with HANetf partnership” is a company that has announced the launch of their new blockchain equity ETF. The announcement was made by ETC Group and HANetf, which is a cryptocurrency exchange in Hong Kong.
With the debut of the ETC Group Digital Assets & Blockchain Equity UCITS ETF, a fund that tracks other cryptocurrency products, the ETC Group and white-label issuer HANetf have allegedly confirmed the continuance of their relationship.
According to rumors, the new crypto-focused fund would provide digital assets and blockchain investment opportunities in a number of topic areas. The new ETF may appeal to investors who are unable to trade digital assets directly or who do not want to own non-UCITS.
The ETC Group and HANetf are the two biggest players in the multibillion-dollar BTCEtc – ETC Group Physical Bitcoin (BTCE) ETP, which is currently the world’s largest directly-backed Bitcoin (BTC) ETP. According to a research published last month by CryptoCompare, BTCE has average daily trading volumes of $26.3 million, which is more than seven times more than the next largest rival in the market.
Investors may now access digital infrastructure firms primed to gain from the blockchain revolution, such as those in cryptocurrency mining, blockchain technology, and cryptocurrency trading and exchanges, via the partners’ newest offering.
Digital assets and blockchain, according to Bradley Duke of the ETC Group, have taken root in practically every area and business on the earth. He continues by saying:
“Blockchain and distributed ledger technologies are revolutionizing a broad range of sectors, from banking and financial services to healthcare and life science, due to its secure data, transparency, and efficiency.”
The ETF is one of the first in Europe to concentrate on digital assets or blockchain companies. Other Bitcoin-centric ETFs include the Invesco Bitcoin Strategy ETF (BITA), First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR LN), and VanEck Vectors Digital Assets Equity UCITS ETF.
The “rival etc group bitcoin” is a new blockchain equity ETF with HANetf partnership. The ETF will be available to investors in the US, UK, Canada, and Australia.
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