New Listing

Global X unveils blockchain ETF

BKCH tracks the Solactive Blockchain v2 index

Tom Eckett

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Global X has expanded its thematic ETF range with the launch of a blockchain strategy.

The Global X Blockchain UCITS ETF (BKCH) is listed on the London Stock Exchange and Deutsche Boerse with a total expense ratio (TER) of 0.50%.

BKCH tracks the Solactive Blockchain v2 index which currently offers exposure to 25 companies set to benefit from the increased adoption of blockchain technology.

This includes companies involved in digital asset mining, blockchain and digital asset transactions, blockchain applications, blockchain and digital asset hardware and blockchain and digital asset integration.

Its US-listed equivalent, the Global X Blockchain ETF (BKCH), was unveiled in November 2021 and has $91m assets under management (AUM).

Commenting on the launch, Morgane Delledonne (pictured), director of research, Europe, at Global X, said: “Blockchain technology’s transparent, verified transactions and immutable recordkeeping offer significant promise, and there is a growing industry of companies contributing to its development.

“BKCH will allow European investors to gain exposure to the asset class across a range of different sectors and industries.”

There are currently a number of ETFs offering exposure to companies involved in the space. The largest is the Invesco CoinShares Global Blockchain UCITS ETF (BCHN) which has gathered $774m AUM since launching in March 2019.

Elsewhere, the First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK) and the ETC Group Digital Assets & Blockchain Equity UCITS ETF (KOIN) were launched in April 2018 and November 2021, respectively.

The launch takes Global X’s ETF range in Europe to 18. This includes a large number of thematic ETFs including Europe’s first pure-play Internet of Things ETF, the Global X Internet of Things UCITS ETF (SNSR) last November, ETF Stream revealed.

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