BlackRock, a worldwide investment firm, has recently boosted its involvement in the cryptocurrency industry with the establishment of a new exchange-traded fund (ETF) that provides exposure to blockchain and crypto firms to European investors.
Read CRYPTONEWSLAND onAccording to a news release, the iShares Blockchain Technology UCITS ETF is meant to replicate the NYSE FactSet Global Blockchain Technologies Capped index. The new fund denoted BLKC on Euronext, has a total expense ratio (TER) of 0.50%.
Today’s ETF contains 35 firms, with three-quarters having a core blockchain operation, such as bitcoin miners and exchanges. The balance benefits the blockchain ecosystem, including payment and semiconductor companies.
‘We think that as use cases grow in scope, scale, and complexity, digital assets and blockchain technology will become more important to our clients.’ “The ongoing spread of blockchain technology highlights its promise across numerous industries,” said Omar Moufti, BlackRock’s product strategist for thematic and sector ETFs.
BlackRock is not new to providing exposure to blockchain and cryptocurrency-related products. The company now provides crypto exposure to US investors through its iShares Blockchain and Tech ETF.
In August, the investment firm created a private trust that provides institutional customers in the United States with exposure to spot Bitcoin (BTC).
The transaction was made possible via a collaboration with the cryptocurrency exchange Coinbase, which provides institutional investors with access to cryptos through its Coinbase Prime service.
#Binance Labs supports Magic Square's new #IDOplatform focusing on equitable #Web3 investment access.#MagicSquare
Q1 2024: #XRP spot trading volumes soared 40% to $865M, showcasing resilience amid ongoing SEC…
🚀 Tether's $1B Boost Propels Bitcoin to $73K! 📈 What's Driving the Surge? Find out…
#Ethereum's #VitalikButerin focuses on innovations like PeerDAS, Verkle Tree, & lowering MEV to enhance #blockchain…
🚀 Crypto Surge Alert! DOGE, XRP, and LINK lead the charge! Will DOGE hit $0.49?…
#ShibaInu warns: No official #SHIB airdrops exist. Scammers target users with fake offers. Verify links…