Insights

Is ETFS Fintech & Blockchain ETF (FTEC) listed on the ASX?

Are you looking for an Australian ETF that invests in blockchain? Here’s one that launched this month, but there’s a catch.
The post Is ETFS Fintech & Blockchain ETF (FTEC) listed on the ASX? appeared first on The Motley Fool Australia. –

A hot topic right now in the US and Australian markets is the emergence of exchange-traded funds (ETFs) that are investing in cryptocurrencies and blockchain technologies.

That’s why there is considerable interest in ETF Securities‘ new product launched this month, named ETFS Fintech & Blockchain ETF (Chi-X: FTEC).

The ETF aims to track the performance of the Indxx Developed Markets Fintech & DeFi Index.

That index contains 75 fintechs from developed nations, with a subset involved in blockchain and decentralised finance (DeFi) concepts.

“FTEC uses a full-replication strategy to track the index, meaning that it holds all the shares that make up the index,” states the ETF Securities’ website.

“Companies are equally weighted, meaning at each rebalance the companies are bought in an equal proportion.”

Where do I buy shares in FTEC?

Unfortunately, FTEC shares are not traded on the ASX. They were floated on the rival exchange Chi-X, which some broking platforms have access to.

ETF Securities has not answered The Motley Fool‘s enquiry about why the ETF is not listed on the ASX.

Historically, the ASX has been wary of shares involved in blockchain or cryptocurrencies, fearing that they expose retail investors to speculative risk.

A famous recent example is Animoca Brands, which deals with non-fungible tokens (NFTs) and develops video games.

The Hong Kong company was listed on the ASX but it was kicked out in March 2020 when it had a market capitalisation of $80 million.

By June this year, Animoca was valued at $1.29 billion as a private company after a $100 million capital raising round.

There is now much industry talk about ASX allowing its first blockchain-related ETF to float.

The BetaShares Crypto Innovators ETF is “coming soon” to the ASX but the company has not yet indicated when.

What are the businesses FTEC invests in?

The majority of holdings for FTEC are overseas shares. In fact, just 1.3% of the fund is held in Australian companies.

American shares account for 62.3% of the ETF value, and they unsurprisingly monopolise the 5 biggest holdings:

Upstart Holdings Inc (NASDAQ: UPST): 3.2%

Affirm Holdings Inc (NASDAQ: AFRM): 2.8%

LendingClub Corp (NYSE: LC): 2.2%

Marathon Digital Holdings Inc (NASDAQ: MARA): 2.0%

Bill.com Holdings Inc (NYSE: BILL): 2.0%

The post Is ETFS Fintech & Blockchain ETF (FTEC) listed on the ASX? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Marley Spoon (ASX:MMM) share price crashes 34% to new 52-week low

Pointerra (ASX:3DP) share price stalls after September quarter update

Red Dirt (ASX:RDT) share price leaps 25% on assay results

JB Hi-Fi (ASX:JBH) share price jumps on broker upgrade

The Adairs (ASX:ADH) share price has dropped 24% since June. What’s happening?

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!