{"id":685157,"date":"2022-09-14T08:34:33","date_gmt":"2022-09-14T12:34:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wisdomtree-expands-thematic-range-with-a-blockchain-ucits-etf\/"},"modified":"2022-09-14T08:34:33","modified_gmt":"2022-09-14T12:34:33","slug":"wisdomtree-expands-thematic-range-with-a-blockchain-ucits-etf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wisdomtree-expands-thematic-range-with-a-blockchain-ucits-etf\/","title":{"rendered":"WisdomTree Expands Thematic Range with a Blockchain UCITS ETF"},"content":{"rendered":"

\nThe ETF aims to provide pure access to companies primarily focused on blockchain and cryptocurrency technologies
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NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) — WisdomTree, an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor, has announced the launch of WisdomTree Blockchain UCITS ETF (WBLK). Listed on the London Stock Exchange, B\u00f6rse Xetra and Borsa Italiana, WBLK seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Blockchain UCITS Index (the \u201cIndex\u201d) and has a total expense ratio of 0.45%.<\/p>\n

The proprietary Index leverages WisdomTree\u2019s heritage of innovation and self-indexing and is designed to track the performance of companies primarily focused on blockchain and cryptocurrency technologies and that also meet WisdomTree\u2019s ESG1<\/sup> criteria.<\/p>\n

The ETF complements WisdomTree\u2019s physically-backed range of single coin crypto trackers and crypto basket ETPs, providing an additional method for investors looking for exposure to the potential growth of digital assets and blockchain infrastructure.<\/p>\n

WBLK represents an evolution of WisdomTree\u2019s digital assets expertise, having launched one of the world\u2019s first physically-backed crypto asset ETPs in 20192<\/sup>, built out a global digital assets team and partnered with industry leaders across the blockchain and cryptocurrency ecosystem. This expertise is combined with WisdomTree\u2019s knowledge and experience of building multi-award-winning thematic ETFs.<\/p>\n

\n Pierre Debru, Head\u00a0of\u00a0Quantitative\u00a0Research\u00a0&\u00a0Multi\u00a0Asset\u00a0Solutions,\u00a0Europe,<\/strong>
\n WisdomTree,<\/strong> said, \u201cBecause of their high growth potential, investors often see investment in digital assets or blockchain-related assets as a thematic investment. This is a good paradigm to adopt to conceptualise investing in the space. The variety of the applications and use cases for blockchain are becoming more apparent and can be seen across entertainment, cloud storage and gaming, amongst others. While Bitcoin was the first blockchain created and aimed to be a revolutionary payments system, the ecosystem has evolved far and wide outside the \u2018payment sphere\u2019. Over the years, the idea of blockchain has been extended to support smart contracts and record keeping of Non-Fungible Tokens (NFTs). There is growth potential for companies involved in the blockchain, even if we are at the early stages of proliferation.\u201d<\/p>\n

Blockchain is the distributed ledger technology underpinning digital assets and is, put simply, a distributed database on which information is recorded using digital signatures. Blockchain technology has been called a revolution in the making and could be useful wherever a transparent, immutable, and digital record of information is needed. As such, the range of potential applications for the technology is wide, diverse, and far-reaching.<\/p>\n

The internet has changed the world over the past 25 years; similarly, distributed ledger technology could become part of most aspects of our lives within a couple of decades without us even being aware of it. The Index, therefore, aims to capture this future trend by providing pure exposure to a basket of companies which support the current and future blockchain infrastructure, referred to as \u2018Blockchain Enablers\u2019, as well as companies which offer cryptocurrency and blockchain-related services, or \u2018Blockchain Engagers\u2019:<\/p>\n