Global X ETFs Launches Blockchain & Bitcoin Strategy ETF (BITS)

Fund Provides Exposure to Bitcoin Futures and the Broader Blockchain Ecosystem

Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), announced the launch of the Global X Blockchain & Bitcoin Strategy ETF (BITS). The fund will be actively managed and among the first ETFs designed to provide long-term investors with access to both bitcoin futures as well as companies positioned to potentially benefit from advances in blockchain technology.

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BITS’ approach to owning both bitcoin futures and blockchain equities offers investors a thematic approach to the rapidly emerging digital assets space. Bitcoin, the world’s largest cryptocurrency, continues to benefit from greater adoption as both a means of transacting as well as a long term investment, especially by investors seeking growth potential and diversification from an alternative asset. Blockchain equities, such as those involved in: 1) digital asset mining; 2) blockchain and digital asset transactions, hardware, and integration; and 3) blockchain applications and software services, are well-positioned to benefit from advances in and expanded use-cases for blockchain technology.

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“The blockchain and digital asset theme is reaching a critical inflection point as adoption accelerates across millions of people and businesses around the world. We believe investors looking to participate in the full disruptive potential of this powerful theme ought to gain exposure to both the companies and digital assets leading these advancements,” said Jay Jacobs, Head of Research & Strategy at Global X. “Leveraging our expertise in thematic investing, Global X has developed an efficient strategy with long term, growth-oriented investors in mind.”