BlackRock Launches Blockchain ETF for European Clients

BlackRock, the world's largest asset manager, has just launched a new exchange-traded fund (ETF) on September 27, 2022.

Here's everything about the launch summarized in short bites:

• The new fund called, iShares Blockchain Technology UCITS ETF, will provide its European Clients with exposure to the blockchain industry.

• The fund includes 50 holdings, 35 of which are global blockchain companies, which also include fiat cash and derivatives, but does not directly invest in cryptocurrencies.

• The top five holdings in the fund are Coinbase (13.20%), USD cash (13.00%), fintech firm Block (11.40%), crypto mining firms Marathon Digital Holdings (11.13%), and Riot Blockchain (10.50%).

“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.”

   ~ Omar Moufti

                                                   (Product Strategist for thematic and sector ETFs at BlackRock)