ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Multifactor
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. AdvisorShares Launches Drone and Bitcoin Futures ETFs
News
Share

AdvisorShares Launches Drone and Bitcoin Futures ETFs

James ComtoisApr 27, 2022
2022-04-27

Active ETF sponsor AdvisorShares announced that the AdvisorShares Drone Technology ETF (NYSE Arca: UAV) and the AdvisorShares Managed Bitcoin Strategy ETF (NYSE Arca: CRYP) begin trading today.

UAV provides dedicated investment exposure to the emerging commercial drone economy and its transformative technology, which includes unmanned aerial vehicles (commonly referred to as drones) and autonomous vehicles.

“We believe UAV provides an efficient and transparent way, via a single ETF trade, to gain dedicated exposure to this emerging growth opportunity,” said AdvisorShares CEO Noah Hamman in a news release. "We feel UAV adds another compelling consideration to our thematic lineup for advisors and all investors.”

UAV seeks long-term capital appreciation by investing in the U.S.-listed equities of domestic and global companies believed to have dominant market positions with unique opportunities for growth and expansion in the drone and AV ecosystems. This includes companies of any market cap across a variety of industries that are, directly or indirectly, developing, researching, using, or providing support services or supplies related to drones or AVs. Some areas of drone usage and AV development include goods delivery, emergency services, self-driving vehicles, electric vertical takeoff and landing (eVTOL) aircraft, as well as military, agriculture, construction, energy, mining, and real estate applications.

“As technological innovation evolves, we believe that drone technology will accelerate further and establish itself as an investment growth opportunity with durable and sustainable characteristics,” added Dan Ahrens, managing director at AdvisorShares and portfolio manager of UAV. “Additionally, we feel its potential impact on select industries like transportation can help reduce greenhouse gas emissions by providing mobility services once implemented only by commercial or industrial vehicles.”

CRYP, meanwhile, seeks long-term capital appreciation through actively managed exposure to bitcoin futures. CRYP achieves this exposure by investing in U.S. bitcoin-related ETFs and may invest in U.S. exchange-traded bitcoin futures contracts.

CRYP seeks to actively manage risk with its investment exposure based on expectations for the value of bitcoin. CRYP can tactically reduce or increase the portfolio’s bitcoin exposure from anywhere from zero to fully invested. For example, CRYP can be fully invested when the manager’s indicators suggest a future rise in bitcoin’s price. Conversely, its bitcoin futures exposure can be reduced and moved to short-duration fixed income instruments when the manager’s indicators suggest a future decline in price.

CRYP is subadvised by Morgan Creek Capital Management. Mark W. Yusko, CEO and CIO of Morgan Creek, will serve as the fund’s portfolio manager.

“We believe steadfastly that blockchain technology and digital assets present a generational opportunity for investors,” said Yusko in a separate release. “We feel that digital asset seasonality is a good thing for investors, and while volatility can surface, CRYP provides a risk-managed offering that seeks both to capture upside return and provide a smoother investment ride. We’re excited about this ETF and how investors can use it as a diversification tool for their digital asset exposure.”

“We’re thrilled to partner with Mark Yusko and the Morgan Creek team and leverage their experience when introducing CRYP to the ETF marketplace,” added Hamman. “Mark has been at the forefront of innovation, and particularly in the digital asset space. We believe CRYP provides a risk-managed offering that differentiates it from other offerings in the ETF space.”

For more news, information, and strategy, visit ETF Trends.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jun 09

How Advisors Use the Small-Cap ETF 'QWST' in Portfolios

Jun 09

S&P 500: The Battle on Two Fronts

Jun 09

This Is How New Bulls Are Born

Jun 09

Main Management Market Note: June 9, 2023

Jun 09

European Carbon Allowances Up 10%: The Summer Guide

Jun 09

A Complete Comparison of Top U.S. Real Estate ETFs

Jun 09

Could Now Be a Good Time for Value ETFs?

Jun 09

Fine Tuning Your Index Exposure With Direct Indexing

Jun 09

BNDI Generates Better Returns, Yields in Core Bond Allocations

Jun 09

Issuer League: WisdomTree and Dimensional Are Up

FNGS

MicroSectors FANG+ ETN

FNGU

MicroSectors FANG+ Index 3X...

QQQM

Invesco NASDAQ 100 ETF

SMH

VanEck Semiconductor ETF

VGT

Vanguard Information...

XLY

Consumer Discretionary Select...

IYW

iShares U.S. Technology ETF

BOTZ

Global X Robotics &...

VUG

Vanguard Growth ETF

FTEC

Fidelity MSCI Information...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X