Team behind Europe’s biggest Bitcoin ETC to launch Digital Assets & Blockchain Equity UCITS ETF on London Stock Exchange
ETC Group is delighted to announce it has partnered with HANetf to create the ETC Group Digital Assets & Blockchain Equity UCITS ETF (ticker: KOIN). KOIN will list on London Stock Exchange on November 16th 2021 and will be passported for sale across Europe.
The ETC Group Digital Assets & Blockchain Equity UCITS ETF - KOIN will 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.
With experts stating that blockchain has the potential to add over $1.37 trillion to the global economy by 2030[1], the KOIN blockchain ETF provides access to a wide-scale of long-term investment opportunities in the infrastructure behind the blockchain technologies.
The KOIN ETF tracks the Solactive ETC Group Digital Assets and Blockchain Equity Index and has a Total Expense Ratio of 0.60%. Past performance is no guarantee of future results. When you trade ETFs your capital is at risk.
This is the first thematic ETF from the team at ETC Group. ETC Group have partnered with HANetf’s distribution platform for its suite of 100%% physically backed cryptocurrency ETCs, including BTCE – ETC Group Physical Bitcoin (ticker: BTCE). BTCE rose to prominence when it became the first crypto ETP approved by the German regulator BaFin, and the world’s first centrally cleared crypto exchange traded product when it listed on Germany’s Deutsche Börse Xetra exchange in June 2020.
In the first half year 2021, BTCE had a US$3.986 billion order book turnover and was the most traded product within the whole ETF & ETP Segment on Deutsche Boerse Xetra, surpassing even the most traded and popular Blue Chip ETFs[2]. Its assets increased from $89 million in October 2020 to over $1.5 billion assets in October 2021[3].
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 Bradley Duke, CEO, ETC Group
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 BTCE – 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. Hector McNeil, co-Founder and co-CEO, HANetf
When you trade ETFs your capital is at risk. The technology relating to digital assets, including blockchain, is new and developing and the risks associated with digital assets may not fully emerge until the technology is widely used.
Important Information
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Bitwise Europe GmbH, incorporated under the laws of Germany, is the issuer of the Exchange Traded Products (“ETPs”) referenced in this Document under a base prospectus and the applicable final terms, as supplemented from time to time, approved by the German Federal Financial Supervisory Authority (BaFin). The approval of the prospectus by BaFin relates solely to the completeness, coherence and comprehensibility of the prospectus in accordance with the Prospectus Regulation and does not constitute an endorsement, recommendation or assessment of the merits of the products.
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