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Global X ETFs Launched Blockchain And Bitcoin Strategy ETF
Summary: Global X ETFs, a New York-based exchange-traded fund (ETF) provider, announced the launch of Global X Blockchain & Bitcoin Strategy ETF (BITS) on Tuesday. The fund is an actively managed fund designed to provide long-term investors with exposure to Bitcoin futures and blockchain technology companies. The blockchain stocks invested by BITS involve digital asset mining, ...
Global X ETFs, a New York-based exchange-traded fund (ETF) provider, announced the launch of Global X Blockchain & Bitcoin Strategy ETF (BITS) on Tuesday. The fund is an actively managed fund designed to provide long-term investors with exposure to Bitcoin futures and blockchain technology companies.
The blockchain stocks invested by BITS involve digital asset mining, blockchain and digital asset trading, hardware and integration, blockchain applications and software services.
The fee for BITS is 0.65%, while the fee for ProShares or Valkyrie's Bitcoin future ETF is 0.95%.
Global X has launched an index-based blockchain ETF (BKCH) with a fee of 0.5% in July. According to FactSet’s data, as of November 11, BKCH's return in the past three months was 25.6%.
According to data from ETF.com, Global X, established in 2008 with over $40 billion in assets under management, has released more than 90 ETFs.
By Mary Liu
Tags: Bitcoin Strategy ETF,Blockchain,ETF,Global X ETFs
Link: Global X ETFs Launched Blockchain And Bitcoin Strategy ETF [Copy]
