BlackRock, a new exchange-traded fund, includes securities of 34 technology companies

$10 trillion asset manager to launch an ETF based on crypto companies

28.04.2022 - 10:30

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1 min

What’s new? Exchange-traded fund provider iShares, part of the largest investment firm BlackRock, has announced the creation of an ETF under the ticker IBLC. It will be based on the NYSE FactSet Global Blockchain Technologies Index.

Source: Twitter.com

What is known about the new fund? IBLC will track the shares of companies related to blockchain, cryptocurrencies, and mining. The ETF currently consists of 34 assets, including Coinbase, Riot Blockchain, and Marathon Digital Holdings. The fund has $4,7 million under management as of April 27, 2022.

BlackRock is the largest investment company ($10 trillion under management as of January 16, 2022) focused on government departments and services. In February 2022, the company announced plans to allow its clients to trade digital assets.

Author:

Michael Golikov Michael Golikov

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