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BNQL

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Analysis and statistics

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About

BNQL.XETRA is the ticker symbol for the Invesco CoinShares Global Blockchain UCITS ETF. This exchange-traded fund (ETF) tracks the performance of the Elwood Blockchain Global Equity Index, investing in companies involved in blockchain technology across various sectors. The ETF is listed on the XETRA exchange, which is part of the Frankfurt Stock Exchange.

Factors

Exchange Rates: Currency fluctuations between the Euro (BNQL.XETRA's trading currency) and other currencies impact its attractiveness to international investors.

Market Sentiment: Overall investor confidence and risk appetite within the European and global markets influence demand for exchange-traded funds (ETFs) like BNQL.XETRA.

Underlying Asset Performance: The performance of the assets held within the BNQL.XETRA fund (likely a basket of investments tracking a specific index or strategy) directly drives its price.

Supply and Demand: Basic economic principles of supply and demand within the exchange-traded fund (ETF) market itself affect BNQL.XETRA's price. Increased buying pressure pushes prices up, and increased selling pressure pushes prices down.

Economic Indicators: Macroeconomic factors such as inflation rates, interest rates, and GDP growth in relevant economies can influence investor decisions and thus affect BNQL.XETRA's price.

Competitive Landscape: The presence and performance of similar ETFs offering comparable investment strategies may impact the demand for BNQL.XETRA.

Fund Management Fees: Expense ratios and other fees associated with managing the BNQL.XETRA fund can influence its attractiveness to investors compared to alternatives.

Regulatory Changes: Changes in regulations governing ETFs or the underlying assets they hold can affect investor sentiment and, consequently, BNQL.XETRA's price.

Geopolitical Events: Unexpected political events, global conflicts, or significant policy changes can create market uncertainty and influence investor behavior concerning BNQL.XETRA.

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