ETC Group announces new blockchain equity ETF with HANetf partnership

The ETC Group and white-label issuer HANetf have reportedly announced the continuation of their partnership with the introduction of the ETC Group Digital Assets & Blockchain Equity UCITS ETF, a fund that tracks other cryptocurrency products.
The new crypto-focused fund will provide digital assets and blockchain investment possibilities in a variety of subject areas, according to reports. Investors who are unable to trade digital assets directly or do not wish to hold non-UCITS may find the new ETF appealing.
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) ETP. 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, according to a report by CryptoCompare last month.
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.
According to the ETC Group’s Bradley Duke, digital assets and blockchain have taken hold in nearly every sector and industry on the planet. He goes on to say that:
“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.”
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.