Global X Blockchain & Bitcoin Strategy ETF (BITS) Stock Price, Quote, News & History

The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing directly or indirectly in equity securities of U.S. and non-U.S. Blockchain Companies, as defined below, and in long positions in U.S. listed bitcoin futures (Bitcoin Futures) contracts. As of the date of this Prospectus, the Fund intends to gain exposure to Blockchain Companies by investing indirectly in underlying ETFs holding Blockchain Companies, including the passively-managed affiliated Global X Blockchain ETF. Such investment in underlying ETFs holding Blockchain Companies may be used to provide most, or even all, of the Funds exposure to Blockchain Companies, and it is possible that the Fund may or may not invest directly in any Blockchain Companies. Such Bitcoin Futures contracts will be standardized, cash-settled bitcoin futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC). Currently, the only such contracts are traded on, or subject to the rules of, the Chicago Mercantile Exchange (CME). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Blockchain Companies and in long positions on U.S. listed Bitcoin Futures contracts. Under normal circumstances, the Fund will invest at least 25% of its assets in Blockchain Companies and will have notional exposure to Bitcoin Futures equal to at least 20% of the total assets of the Fund. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.