Global ETF launches 13-20.05.21
Crypto themed ETFs led the way this week, with Wisebitcoin launching the SOL ETF, SOL being the native token for Solana, a platform providing scalable blockchain infrastructure for developers. Valour also launched the Cardano and Polkadot ETPs on the Nordic Growth Markets (NGM), both enabling investors to gain exposure to popular digital assets directly via their bank or broker. Loyalty Preference Index launched one of the first funds serving the principles of the LGBTQ community, the LGBTQ+ ESG100 ETF, that tracks the performance of corporations that embrace ESG principles in the workplace and advance equality. Launches this week also centred on the US: First Trust launched the First Trust New York Municipal High Income ETF investing in municipal debt securities issued by the state of New York, and Tabula listed the Tabula US Enhanced Inflation UCITS ETF (USD) providing investors with a strategy that enables protection against inflation risk. Back in Europe, a new iShares ETF was listed on Xetra allowing investors to participate in large and medium-sized companies from industrial sectors in 15 developed countries in Europe. Finally, ETFMG extended its suite of cannabis-themed ETFs with the US Alternative Harvest ETF listed on NYSE, offering investors access to companies producing and distributing cannabis products in the US.