Tech Megatrend ETF rebalances to focus on more blockchain stocks

The HAN-GINS Tech Megatrend Equal Weight UCITS ETF (LON:ITEP, NYSE:ITEK) is focusing on progress within the blockchain sub-sector after rebalancing to incorporate 11 new blockchain holdings from two earlier than.

Certainly one of eight subthemes, blockchain now represents roughly 13% of the ETF.

Till not too long ago there weren’t sufficient corporations that certified within the blockchain sub-sector for inclusion within the ETF, mentioned Anthony Ginsberg, who co-created the ETF alongside platform supplier HANetf.

He mentioned having 11 holdings positions the ETF “to profit from the elevated curiosity in not solely cryptocurrencies however in associated areas such because the mining and administration of cryptos plus the rising use of safe digital ledgers globally in all kinds of fields”.

The ETF, which has already delivered progress of practically 20% up to now three months and 84% up to now 12 months, has added holdings in RIOT Blockchain, one of many largest publicly traded Bitcoin miners in North America; Excessive Car Battery Applied sciences Corp, which has developed information verification and safety suites companies utilizing blockchain alongside its battery administration system for electrical autos and power storage options; Marathon Digital Holdings, a digital asset know-how firm that mines cryptocurrencies; and Bitcoin Group, which operates Europe’s largest Bitcoin market with practically 1,000,000 clients.

Different holdings embrace Northern Knowledge AG; Ltd; HIVE Blockchain Applied sciences; ; Holdings Ltd; . Diginex Ltd; Restricted/Canada; and DMG Blockchain Sol.