Leading Tech Megatrends ETF targets Blockchain growth with new holdings
- HAN-GINS Technology ETF rebalances to add 11 new Blockchain holdings
- The size of the Blockchain
market is expected to grow from $3 billion last year to $39.7 billion in 2025
- Blockchain holdings
include RIOT Blockchain INC which is up 4,155% in a year
- Blockchain is one of
eight subthemes and now comprises approximately 13% of ITEK. Before the
rebalance it included just 2 holdings.
The HAN-GINS Technology ETF (ITEK) is targeting growth in the Blockchain sub-sector after
rebalancing to include 11 new Blockchain holdings. One of eight subthemes,
Blockchain now represents approximately 13% of ITEK, therefore positioning it
to benefit from increasing interest in the sector. Before the rebalance, the Blockchain theme accounted
for only 2 holdings in ITEK.
The Technology ETF, which has already delivered growth of
nearly 20% in the past three months and 84% in the past 12 months,
believes the current focus on cryptocurrencies will boost Blockchain, which provides
the underlying technology for crypto assets but also has a wide range of other
uses. Past performance is no guarantee of future performance and when you trade
ETFs your capital is at risk.
The size of the Blockchain sector is expected to expand from
$3 billion last year to more than $39.7 billion by 20251 with
Blockchain playing a major role in areas such as cryptocurrencies, digital IDs,
reward and loyalty programmes, copyright protection, digital voting, real
estate transfers, medical records, and wills. Gartner Research estimates
Blockchain will generate business value of $175 billion by 2025 rising to $3.1
trillion by 2030.
Some of the major growth markets which are set to be subject
to Blockchain disruption include contactless payments, supply chain management
and healthcare applications underlining the potential of the sector.
Anthony Ginsberg, Co-Creator of the HAN-GINS Tech
Megatrend ETF (ITEK) says: “Until now there weren’t enough companies that
qualified in the Blockchain sub-sector for inclusion in ITEK, which is why we
are very excited to have just added 11 new holdings to the ETF.
“This positions ITEK to benefit from the increased
interest in not only cryptocurrencies but in related areas such as the mining
and administration of cryptos plus the growing use of secure digital ledgers
globally in a wide variety of fields.”
Blockchain holdings in ITEK include RIOT Blockchain, one of
the largest publicly traded Bitcoin miners in North America, which has seen a
one year return of 4,155%.
Past performance is no guarantee of future performance.
Others include Extreme Vehicle Battery Technologies Corp
which has developed innovative data verification and the provision of security
suites services alongside its battery management system for electric vehicles
and energy storage solutions.
Marathon Digital Holdings INC is a digital asset technology
company that mines cryptocurrencies with a focus on the Blockchain ecosystem
and the generation of digital assets while Bitcoin Group SE operates Europe’s
largest Bitcoin marketplace with nearly a million customers.
Other holdings include Northern Data AG; Voyager Digital Ltd;
HIVE Blockchain Technologies; Argo Blockchain PLC; Galaxy Digital Holdings Ltd;
Hut 8 Mining Corp. Diginex Ltd; Bitfarms Limited/Canada; and DMG Blockchain