BlackRock, the world’s largest investment manager, is offering its European customers a chance to invest in a new blockchain technology exchange-traded fund (ETF).
The firm’s launch of iShares Blockchain Technology UCITS ETF is part of the company’s ongoing growth in cryptocurrency investment.
[adinserter block="1"]The index offers 75% exposure to companies whose primary business is related to blockchain technology and 25% to companies supporting the blockchain sector like payment processing. The index, traded on the Euronext exchange with the ticker BLKC, has holdings in 35 companies including Coinbase Global, Block and Marathon Digital Holdings. Other holdings include crypto miner companies Hut Miner and Bitfarms.
Omar Moufti, BlackRock’s product strategist for thematic and sector ETFs, tells The Block that blockchain technology is only going to increase in adoption and customers will want to invest more in the sector.
“We believe digital assets and blockchain technologies are going to become increasingly relevant for our clients as use cases develop in scope, scale and complexity. The continued proliferation of blockchain technology underscores its potential across many industries.”
Last month, the company, which oversees $10 trillion in assets, launched a private trust for wealthy clients that tracks the performance of Bitcoin (BTC). And it also partnered with Coinbase to allow its clients to purchase Bitcoin on its crypto exchange.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Zaleman/Sensvector
