BITS Profile
Global X Blockchain & Bitcoin Strategy ETF is an actively managed exchange-traded fund (ETF) designed to capitalize on investment opportunities in blockchain technology and cryptocurrency markets. The fund seeks to achieve its investment objective by directly or indirectly investing in equity securities of both U.S. and non-U.S. companies involved in blockchain technology, as well as maintaining long positions in U.S. listed bitcoin futures contracts. This dual approach aims to provide exposure to innovative technology and digital assets.
Under normal market conditions, the fund commits at least 80% of its net assets, including any borrowings for investment purposes, to investments in blockchain companies and U.S. listed bitcoin futures contracts. By focusing on blockchain companies, the fund targets entities engaged in the development and utilization of blockchain technology across various applications, from financial services to supply chain management. The inclusion of bitcoin futures contracts allows the fund to gain exposure to the cryptocurrency market, enhancing its potential for growth in the digital asset space.
The fund's strategy combines traditional equity investments with the dynamic and emerging field of cryptocurrencies. By investing in blockchain companies, it seeks to benefit from the growth and adoption of blockchain technology, while its positions in bitcoin futures provide direct exposure to the performance of bitcoin. This combination reflects a comprehensive approach to capturing value in both technological innovation and digital finance.
As a non-diversified fund, Global X Blockchain & Bitcoin Strategy ETF concentrates its investments in a specific segment of the financial markets, which can result in higher volatility compared to more diversified funds. The funds active management and focus on blockchain technology and bitcoin futures reflect a commitment to leveraging emerging trends and technologies to achieve potential capital appreciation. This approach is aimed at investors seeking to participate in the growth of blockchain and cryptocurrency markets through a targeted and innovative investment strategy.
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