BlackRockgrowing investors Blockchain as part of the “megatrend” series, to better adapt them to the field of technology. ETF started.
The massive asset manager has also made new investments in the blockchain industry to drive change in various areas.
BlackRock, iShares Blockchain and Tech ETF (IBLC) crypto- that they do not support the assets, instead promising Blockchain announced that he was following the shares of his companies.
It is noteworthy that the investment vehicle, which the firm applied in January and launched on Wednesday, currently has $4.7 million in assets under its management.
New to the market ETFApproximately 34 separate holdings have formed. Crypto exchange Coinbase, bitcoin Miners Marathon Digital holdings and Riot Blockchain Inc. have a big say in the fund.
famous stock market Coinbasehas 11.45% stake in the fund, while Marathon Digital holding and Riot Blockchain Inc. have 11.19% and 10.41% shares, respectively.
Along with the launch of its Blockchain ETF, BlackRock says in a newly shared report titled “The Great Acceleration” it supports blockchain technology as a key driver of lasting changes in consumer behavior.
However, according to the famous firm, this basic technology is only cryptocurrency It is considered to have a very high potential to be applied in various other sectors as well.