The world’s largest asset manager, BlackRock has just <a href="https://markets.businessinsider.com/news/etf/blackrock-blockchain-etf-ishares-blockchain-tech-etf-iblc-2022-4" target="_blank" rel="noopener">launched</a> its new blockchain-focused ETF that allows investors to gain exposure to the blockchain industry without directly investing in cryptocurrencies.
<h2 class="post-headline "><strong>BlackRock Forays Into Blockchain ETF</strong></h2>
On Wednesday, the world’s largest asset manager, BlackRock which manages approximately $10 trillion in assets listed its new Blockchain and Tech ETF (IBLC) to its megatrends product suite or iShares product line.

The $4.7 million ETF does not directly own cryptocurrencies themselves but instead tracks a line of companies that are involved in the crypto/blockchain industry.

The said ETF comprises of 41 separate holdings, with the largest single holding being US-based crypto exchange Coinbase making up 11.45% of the fund, followed by Bitcoin miners Marathon Digital Holdings at 11.19% and Riot Blockchain Inc. which accounts for 10.41% of the total holdings. Other holdings include Galaxy Digital, IBM, Hive Blockchain Technologies, Bitfarms, and PayPal.
<h2><strong>Fidelity Launched Similar ETF Just Days Ago
</strong></h2>
An ETF is a popular investment product that lets people buy shares that represent an asset such as real estate, and foreign currencies including Bitcoin (BTC). Like any ETF, BlackRock’s new blockchain fund will not directly track cryptocurrencies but rather companies involved in the decentralized space.

The new blockchain ETF comes just a week after brokerage firm Fidelity <a href="https://www.cryptoknowmics.com/news/fidelity-investments-launched-a-pair-of-crypto-exchange-traded-funds" target="_blank" rel="noopener">launched</a> two ETFs that track the crypto and the metaverse industry namely the Crypto Industry and Digital Payments ETF (FDIG) and its Metaverse ETF (FMET).

BlackRock Launches Its First Blockchain-Focused ETF

BlackRock has launched its new blockchain-focused ETF that allows investors to gain exposure to the blockchain industry without directly investing in crypto

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

BlackRock Launches Its First Blockchain-Focused ETF

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