Adoption News

Blackrock Launches ETF in Europe With Blockchain And Crypto Company Exposure


BlackRock just made another move into crypto, this time launching an ETF with exposure to blockchain and crypto companies for its European customers. 

The iShares Blockchain Technology UCITS ETF is designed to track the New York Stock Exchange FactSet Global Blockchain Technologies capped index, it said in a release. The index includes 35 companies from around the world and is listed on the Euronext under the ticker BLKC.

Stay in the know on crypto by frequently visiting Crypto News Today

The index has 75% exposure to companies with primary business related to blockchain — including crypto miners and exchanges. It has a further 25% exposure to companies supporting the blockchain ecosystem, whether that be payments or semiconductor companies. 

“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,” Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, said.

The exposure will give BlackRock clients the opportunity to engage with global companies leading the development of the blockchain ecosystem, he concluded. 

The investment manager also launched a private trust offering US-based institutional clients exposure to spot bitcoin in August and tapped Kraken’s CF Benchmarks for its index pricing product.CRYPTOCASTER® - DECENTRALIZED FREEDOM!
Read More at THEBLOCK

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt

You may also like