With nearly $10 trillion in assets under its management, BlackRock has launched an exchange-traded fund (ETF) that monitors the blockchain industry.
Announcing that it has added the Blockchain ETF to its iShares product line on April 27, BlackRock said that this ETF is in the interest of investors.without having to own digital assets announced that it will enable him to reach the blockchain and cryptocurrency industry.
The new ETF created does not hold cryptocurrencies, but rather many companies in the industry. international following the company. ETF, which includes 41 separate companies, 11.45% US-based cryptocurrency exchange Coinbase, 11.19% Bitcoin mining company Marathon Digital Holdings and 10.4% part of Riot Blockchain forming.
In order to be able to buy later in the fund 9.15% part of dollar It is said to be on hold.
BlackRock, who has prepared a report on the subject, stated that the crypto industry is on the rise and that the true value of blockchain despite being a volatile market. He said it was not yet understood.
The report also 87 countries stating that he is currently exploring blockchain technology CBDC adoption I was told it was high.