$10 trillion asset manager to launch an ETF based on crypto companies
BlackRock, a new exchange-traded fund, includes securities of 34 technology companies
28.04.2022 - 10:30
313
1 min
0
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.
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.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024