First Trust Global Portfolios launches blockchain ETF

Increased use of the 'digital ledger'

First Trust Global Portfolios (FTGP) has launched what is thought to be Europe's first blockchain ETF with index provider Indxx.

The First Trust Indxx Innovative Transaction and Process UCITS ETF will provide investors with exposure to companies which are actively investing in resources in the space or have products which are poised to benefit from blockchain technology. Physically replicated, the ETF will track the Indxx Blockchain ETF which currently costs of 82 companies, 20 of which are "active enablers" and 62 of which are "active users". The 20 active enablers will make up 50% of the portfolio while the 62 active users will make up the other 50%. The disruptive power of blockchain for financial service...