BlackRock launches blockchain ETF for European clients
The iShares Blockchain Technology UCITS ETF with a total expense ratio of 0,5% has 35 assets and is listed on Euronext
29.09.2022 - 13:55
384
2 min
0
What’s new? BlackRock, an investment firm with $10 trillion in assets under management, has launched a blockchain exchange-traded fund called the iShares Blockchain Technology UCITS ETF. It is available to European clients. Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, said that digital assets and blockchain technology will become increasingly relevant to the company's clients as it expands its applications. This is reported by the Financial News.
What else does the publication report? BlackRock's European blockchain ETF with a total expense ratio of 0,5% has 35 assets and is listed on the Euronext stock exchange. It includes cryptocurrency exchange Coinbase, investment firm Galaxy Digital and mining firm Marathon Digital, among others. The fund also includes PayPal, NVIDIA and IBM.
Moufti said the continued spread of blockchain technology underscores its potential in many industries. The iShares Blockchain Technology UCITS ETF will give clients the opportunity to participate in global companies leading the development of the nascent distributed ledger ecosystem, he added.
What is known about BlackRock? It is one of the world's largest asset management and investment companies. The company's shares are traded on the New York Stock Exchange (NYSE) under the ticker BLK. As of September 29, 12:40 UTC, the share price is $585,43, up 1,18% overnight.
On August 4, BlackRock announced a partnership with Coinbase. As part of the partnership, BlackRock's institutional investors who use its Aladdin platform will have direct access to digital assets. That same month, BlackRock launched a private spot trust offering US institutional clients investments in bitcoin. The company noted significant customer interest in using BTC-based investment products, despite the sharp downturn in the digital asset market.
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