Global ETF launches 08-15.04.21
Digital asset-focused ETFs stole the show again this week, with CoinShares launching the CoinShares Physical XRP (XRPL) providing investors with passive exposure to XRP, the native token unit on the Ripple network. The first WisdomTree Bitcoin ETN is now trading on Xetra, tracking the performance of bitcoin, and Horizons ETFs debuted the BetaPro Bitcoin ETF (HBIT) and the BetaPro Inverse Bitcoin ETF (BITI) on TSX, providing long and inverse exposure to the Horizons Bitcoin Front Month Rolling Futures Index. ETC Group also listed the first Litecoin ETP on Xetra, giving investors access to the performance of Litecoin without having to set up crypto wallets. Elsewhere, several industry-specific ETFs were listed this week, with HANetf debuting a new UCITS ETF tracking the performance of global stocks deriving revenue from online retail. Global X launched the Clean Water Industry ETF providing investors with access to companies active in clean water provision, and TD Asset Management launched a new ETF giving investors exposure to the global healthcare market. Lastly, sustainability remained a key theme of the week, with Evolve filing a preliminary prospectus for the world’s first ETFs to bring carbon neutrality to traditional indices, and Global Palladium Fund listing GBP share classes for physically-backed metal ETCs on the LSE giving investors exposure to metals with a key role in the transition to a net zero carbon economy.