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HAN-Gins : Riot Blockchain up 30% yesterday due to Bitcoin frenzy

HAN-GINS Riot Blockchain up 30% yesterday due to Bitcoin frenzy: Anthony Ginsberg, Co-creator of the HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK)

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Anthony Ginsberg, Co-creator of the HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK)


HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK) is an equal weighted technology megatrend ETF. It provides equal weight exposure to the following themes: Robotics & Automation, Cloud Computing & Big Data, Cyber Security, Future Cars, Genomics, Social Media, Blockchain and Digital Entertainment.

ITEK avoids concentration in larger stocks by using a double diversification approach that allocates an equal weight to each innovative theme and then equal weights constituents within that theme. The fund trades in London, Germany, Italy and Switzerland and is passported for sale across Europe.

The HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK) has delivered a return of 5.54 % in the past week and 21.6 % year to date, and 88% over the12 months.  Past performance is no guarantee of future performance. 

ITEK’s largest holding is now Riot Blockchain, which makes up approx. 9% of its AUM.  Capital at risk.

    Riot Blockchain (Nasdaq: RIOT) climbed a 30% yesterday.  It is now up over 250% since Jan 1st 2021. Past performance is no guarantee of future performance.

    Bitcoin hit over $50,000 this week  which is fuelling the price rise in blockchain providers such as Riot Blockchain

    Riot Blockchain recently made acquisitions in crypto-miners adding to its mining capacity

Anthony Ginsberg, Co-creator of the HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK) said: “With Bitcoin reaching an unprecedented $50,000 this week, stocks like Riot Blockchain are seeing their stock soaring.  They have also announced that they are expanding their crypto mining operations.  With the renewed focus on blockchain and cryptocurrencies we expect to see more blockchain companies being added to ETFs such as ITEK later in the year as they increase their liquidity.”

Source: ETFWorld.co.uk

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