Bringing you live news and features since 2006 

Bringing you news, views and analysis since 2013

Global X ETFs launches Blockchain UCITS ETF (BKCH) in Europe

ETF issuer Global X ETFs has announced the launch of the Global X Blockchain ETF (BKCH) on London Stock Exchange and Deutsche Börse Xetra. 

The fund will be Global X’s first Blockchain UCITS ETF to launch in Europe, adding to the firm’s growing UCITS product line-up. 

The firm writes that digitalisation is accelerating the transformation of many industries, with the rise of blockchain and digital assets potentially upending traditional finance. 

“Cryptocurrencies are now valued in the trillions of dollars in market capitalisation and some institutional investors are warming up to the asset class, which they recognise as a portfolio diversifier. Among the biggest cryptocurrencies, bitcoin now has a market cap of over USD790 billion, and Ethereum is valued over USD370 billion. Yet what began with bitcoin as the first major application of blockchain technology is now evolving to include valuable use cases ranging across several segments of the economy, including smart legal contracts, tracking and monitoring supply chains, and accessing and sharing health care records,” the firm says.

“Blockchain technology’s transparent, verified transactions and immutable recordkeeping offer significant promise, and there is a growing industry of companies contributing to its development,” says Morgane Delledonne, Director of Research, Europe. “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.”

With a management fee of 0.50 per cent, BKCH is designed to provide investors access to a broad swath of companies positioned to benefit from increased blockchain adoption. This includes digital asset mining, blockchain & digital asset transactions, blockchain applications, digital hardware, and asset integration. The fund tracks the Solactive Blockchain v2 Index and will join Global X’s existing lineup of 18 UCITS ETFs in the European market.

Latest News

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our..
ETF data providers ETFGI report that assets invested in the global ETFs industry extended its lead over the global hedge..
Never a dull moment for Cathie Wood, founder and CEO of ARK Invest. In 2020 she was the ETF darling enjoying..
New data from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK,..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Franklin Templeton, with global ETF AUM exceeding USD13 billion, launched its European ETF offering in 2017, and announced last year the hire of Lotfi Ladjemi as Senior ETF Sales Specialist...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by