ETC Group and white label issuer HANetf announced the continuation of their partnership with the launch of the ETC Group Digital Assets & Blockchain Equity UCITS exchange-traded fund, which tracks other cryptocurrency products.

The new crypto-focused fund will provide digital assets and investment opportunities on the blockchain in a number of ways, according to the reports. Investors who cannot trade digital assets directly or do not wish to own non-financial funds may find a new ETF attractive.

ETC Group and HANetf are major shareholders in BTCEtc – ETC Group Physical Bitcoin (BTCE), which is currently the largest Bitcoin (ETP) Bitcoin (BTC) exchange-traded product. According to a CryptoCompare report last month, BTCE has an average daily trading volume of $26.3 million, more than seven times that of the second largest competitor in the industry.

Investors can now take advantage of the latest offerings from partners to gain access to digital infrastructure companies that are ready to take advantage of the blockchain revolution, such as cryptocurrency mining, blockchain technology, and cryptocurrency trading and exchange.

According to Bradley Duke of ETC Groups, digital assets and blockchain are ingrained in nearly every sector and industry on the planet. He goes on to say:

“With data security, transparency, and efficiency, blockchain and distributed ledger technologies are transforming a wide range of industries, from banking and financial services to healthcare and life sciences.”
ETFs are among the first European equity funds to focus on digital assets or blockchain companies. The Invesco Bitcoin Strategy ETF (BITA), First Trust Innovative Transaction & Process UCITS ETF (LEGR LN), and VanEck Vectors Digital Assets Equity UCITS ETF are just a few of the other Bitcoin-focused ETFs.

Source: CoinTelegraph