BlackRock, the world’s largest asset manager, has just launched a new exchange-traded fund (ETF) providing European customers with exposure to the blockchain industry, while reports indicate a Metaverse-focused ETF may be on the way.
The newly launched blockchain ETF on Sept. 27 is called the iShares Blockchain Technology UCITS ETF (BLKC).
BlackRock said 75% of its holdings consist of blockchain companies such as miners and exchanges, while the other 25% are companies that support the blockchain ecosystem.
The fund includes 35 global companies out of a total of 50 holdings, which also includes fiat cash and derivatives, but does not directly invest in cryptocurrencies.
BLKC marks the latest of a series of moves into the digital assets space for BlackRock, with the most recent being the launch of a private spot Bitcoin trust on Aug. 11.
In a Sept. 29 report from Finextra, product strategist for thematic and sector ETFs at BlackRock, Omar Moufti said the ETF will “allow our clients...
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