Alternative Investments/Digital: WisdomTree Offers Blockchain UCITS ETF
A blockchain ETF now forms a part of WisdomTree’s thematic range.
The WisdomTree Blockchain UCITS ETF (WBLK), which tracks the WisdomTree Blockchain index, offers exposure to companies with a primary focus on blockchain and crypto technologies. Launched in Europe, the ETF trades on the Deutsche Boerse and Borsa Italiana and will also list on the London Stock Exchange on 14 September. (ETF Stream)
WisdomTree Blockchain UCITS ETF (WBLK)
The asset manager previously launched the WisdomTree Crypto ETP (BTCW), in 2019, and is now seeking to leverage the experience gained from that product.
For the new ETF, investing in the index stocks would be bifurcated between companies that are “blockchain enablers,” and those that are “blockchain engagers.”
Enablers are companies that support the blockchain system, while engagers offer cryptocurrency and blockchain-related services.
However, the ETF would be overweight engagers, given that enablers would suffer from declining miner rewards in a scenario of energy-efficient (such as proof-of-stake) models.
Pierre Debru, head of quantitative research and multi-asset solutions for Europe, said: “Because of their high growth potential, investors often see investment in digital assets or blockchain-related assets as a thematic investment.
“The variety of the applications and use cases for blockchain are becoming more apparent and can be seen across entertainment, cloud storage and gaming, among others.”
Alexis Marinof, head of Europe at WisdomTree, added: “We believe blockchain is a transformative technology that has the potential to disrupt industries and enable new business models. The potential applications of the technology are endless, and we expect to see new use cases for blockchain to emerge over the coming decades.”
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