Global X Launches Blockchain and Bitcoin Strategy ETF

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In a press release, Global X ETFs announced the launch of the Global X Blockchain & Bitcoin Strategy ETF seeks long-term growth potential by combining prudent management of bitcoin futures positions with exposure to disruptive leading companies. emerging blockchain and digital technology. asset theme.

The actively managed fund is one of the first ETFs designed to provide long-term investors with access to both bitcoin futures and companies positioned to potentially benefit from advances in blockchain technology.

BITS ‘approach to owning both bitcoin futures and blockchain stocks offers investors a thematic approach to the burgeoning digital asset space. Bitcoin, the world’s largest cryptocurrency, continues to enjoy greater adoption both as a medium of transaction and as a long-term investment. Blockchain stocks such as digital asset mining, blockchain transactions, hardware and software are all well positioned to benefit from the continued growth in the cryptocurrency space.

“The theme of blockchain and digital assets is reaching a critical inflection point as adoption accelerates among millions of people and businesses around the world. We believe that investors looking to participate in the full disruptive potential of this powerful theme should expose themselves to both the companies and the digital assets that are driving these advancements, ”said Jay Jacobs, head of research and strategy at Global X. “Leveraging our expertise in investment thematic areas, Global X has developed an effective strategy with long-term growth-oriented investors in mind. “

BITS has a management fee of 0.65%.

For more news, information, and strategy, visit Crypto Channel.

About the Global X ETFs

Global X ETFs was founded in 2008. For over a decade, our mission has empowered investors to deliver unexplored and intelligent solutions. Our product line includes over 90 ETF strategies and over $ 40 billion in assets under management.[i] While we stand out for our Growth, Income and Global Access thematic ETFs, we also offer Core, Commodity and Alpha funds to meet a wide range of investment objectives. Explore our ETFs, research and ideas, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $ 620 billion in assets under management worldwide.[ii] Mirae Asset has a large global ETF platform spanning the United States, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea and Vietnam with over 70 billion dollars in assets under management.[iii]

Media contact in the United States

Frank Taylor / Stephanie Dressler

Dukas Linden Public Relations

[email protected] / [email protected]

(646) 808-3647 / (949) 269-2535

Risk Information

Bitcoin and Bitcoin futures are a relatively new asset class. They are subject to unique and substantial risks and historically have been subject to significant price volatility. The value of an investment in the Fund could drop significantly and without warning, including down to zero. You must be prepared to lose your entire investment.

There are risks involved in investing, including the possible loss of capital. BITS is actively managed and invests in bitcoin futures contracts. The ETF does not invest directly in or hold bitcoin. The price and performance of bitcoin futures is expected to differ from the current “spot” price of bitcoin. These differences could be significant. Bitcoin futures are subject to margin requirements, collateral requirements, and other limits that can prevent the ETF from achieving its goal. Margin requirements for futures contracts and the costs associated with rolling (buying and selling) of futures contracts can have a negative impact on the performance of the fund and its ability to achieve its investment objective.

Bitcoin is largely unregulated, and bitcoin investments may be more susceptible to fraud and manipulation than more regulated investments. Bitcoin and Bitcoin futures are subject to rapid price fluctuations, especially as a result of actions and statements by influencers and the media.

Tightly targeted investments tend to exhibit higher volatility. Investments in blockchain companies may be subject to the following risks: the technology is new and many of its uses may not have been tested; theft, loss or destruction of key (s) to access the blockchain; intense competition and rapid obsolescence of products; cybersecurity incidents; lack of liquid markets; slow adoption rates; lack of regulation; defects or vulnerabilities of third-party products; internet addiction; and the corporate risk line. Blockchain technology may never develop optimized transaction processes that lead to realized economic returns for any business in which the Fund invests. International investments may involve a risk of loss of capital due to an unfavorable fluctuation in the value of currencies, differences in generally accepted accounting principles or social, economic or political instability in other countries. BITS is not diversified.

Shares in ETFs are bought and sold at market price (not at NAV) and are not individually redeemed by the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price is not available, the midpoint between the best national offer and the best national offer (” NBBO ”) when the ETF calculates the current NAV per share. NAVs are calculated using prices at 4:00 PM Eastern Time. The returns shown do not represent the returns you would get if you traded stocks at other times. The indices are unmanaged and do not include the effect of fees, expenses or selling charges. You cannot invest directly in an index.

Carefully consider the investment objectives, risks and charges and expenses of the Fund before investing. This and other information can be found in the summary or the full prospectus of the Fund. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated.

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[i] Source: Global X, as of 11/11/21.

[ii] Mirae Asset, from June 2021

[iii] Mirae Asset, as of 10/18/21

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