TOBAM Launches Actively Managed Blockchain ETF on Euronext

French asset manager TOBAM has launched the TOBAM Global Blockchain Equity UCITS ETF (ticker: BBLOK) on Euronext Paris in partnership with Natixis Corporate & Investment Banking. The actively managed ETF, listed in euros with a 0.91% total expense ratio, targets global equities structurally correlated to Bitcoin as a proxy for the cryptocurrency’s adoption. The fund, structured under UCITS regulations, uses a proprietary model to minimize tracking error to Bitcoin while maintaining diversification limits. It extends TOBAM’s existing blockchain equity strategy, which has reported a 57% net annualized return from September 2023 to December 2025, to institutional and ETF-focused investors.