BlackRock has expanded its thematic range with the launch of a blockchain equities ETF.
The iShares Blockchain Technology UCITS ETF (BLKC) is listed on Euronext Amsterdam with a total expense ratio (TER) of 0.50%.
BLKC will track the NYSE FactSet Global Blockchain Technologies Capped index which offers exposure to 35 developed and emerging market companies involved in the digital assets industry.
The ETF has 75% exposure to companies whose primary business is related to blockchain such as crypto miners and exchanges while the remaining 25% is exposed to companies which support the blockchain ecosystem such as payments and semiconductor companies.
BLKC will not directly invest in cryptocurrencies.
Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, said: ‘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...
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