The private bank Kleinwort Hambros has recently decided to launch a new exchange-traded note (ETN) based on blockchain companies, according to reports. The company, which is owned by Societe Generale, is based in Paris. It has a total asset of around $1.4 trillion USD.

This new report shows that the derivative product will be available for investors who are ready to pay at least $1,300 USD for it. At the moment, it is listed on Luxemburg only.

In this ETN, there are stocks from over 20 companies who are expected to profit from the development of blockchain technology. They are expected to earn a hefty profit from selling relevant software or services that will use the decentralized technologies in order to improve the lives of their clients.

According to the official announcement made by the company, the companies that make up the ETN will come from several industries. They include shipping, technology, gas, oil, custody banking and some industrial sectors as well.

John Birdwood, the portfolio manager of the bank, has affirmed that the institution has noticed the interest of investors in this sector recently and has decided to cater to this new demand in the industry.

The bank currently manages over $21 billion USD in assets and has over a thousand employees, which are divided into several countries in which the bank works. Most of the offices are based in the United Kingdom, though.

In related news, the U. S. Securities and Exchange Commission (SEC) has still not ruled in favor of the Bitcoin ETF. The CEO of the Chicago Board Options Exchange (CBOE), Ed Tilly, has affirmed that the market is currently needing more Bitcoin-related investments and that several investors from Wall Street are already eyeing this new technology.