BlackRock (NYSE: BLK) is now offering European investors the ability to obtain exposure to several firms that are engaged in the creation, invention, and use of blockchain and cryptocurrency technology via the establishment of an exchange-traded fund (ETF) that the investment giant launched on September 29, as per a Finextra report. The iShares Blockchain Technology UCITS ETF [BLKC] is designed to mirror the NYSE FactSet Global Blockchain Technologies Capped Index. BLKC comprises 35 global firms from established and developing economies, with 75% exposure to companies whose principal business is tied to blockchain, such as cryptocurrency exchanges and miners, and 25% exposure to companies that support the blockchain ecosystem, such as payment and semiconductor companies. Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, stated: He added
Blockchain efficiency
A notional market cap of $1 trillion for cryptocurrencies and digital assets is supported by blockchain, and distributed ledger technology continues to offer a wide variety of opportunities for improving operational efficiencies in financial markets. In August, Finbold reported that BlackRock had partnered with Coinbase to offer crypto for institutional investors who already own assets on Coinbase into the Aladdin asset manager suite of tools. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
