The issuers include cryptocurrency exchange platform Coinbase, blockchain-powered software developer Diginex, crypto-currency dealer Galaxy Digital, and other companies
Sber Asset Management markets first ETF. (Credit: Steve Buissinne from Pixabay.)
Sber Asset Management has established Sber – Blockchain Economics[1](SBBE), Russia’s first ETF positioning investors to earn on blockchain economics without the challenges associated with the development, purchase, storage, and selling of digital assets.
The new ETF follows the Sber Blockchain Economics Index developed by SberCIB. It includes securities of companies whose core operations are related to distributed ledger technology. They are being used in a wide variety of industries and solve many problems – from protecting personal data and confirming copyright to creating IoT platforms and online voting. For example, the index includes companies producing hardware and software for crypto mining and crypto asset creation, and even companies providing blockchain consulting services.
The list of issuers includes Coinbase, a cryptocurrency exchange platform, Diginex, a developer of blockchain-powered software, Galaxy Digital, a crypto-currency dealer, and other famous companies.
The fund invests dollars. You can buy its shares for rubles in the SberInvestor application or by addressing any Russian-based broker. The price of shares starts at RUB 10.
Evgeny Zaitsev, CEO, Sber Asset Management: “There are hardly any people left who have never heard of blockchain. This technology is developing so quickly and dynamically that it is simply beyond the power of an ordinary investor to keep track of it. Direct investment in crypto assets is associated with high risks.
“Evaluating them on your own is hard, so instead of investing in crypto assets, we suggest you invest in companies that ensure the development of blockchain. The ETF is available to anyone due to its simplicity and low entry threshold, while offering a ready-made set of securities of promising innovative international companies that specialize in the development of fintech and breakthrough technologies.”
Source: Company Press Release