The ecosystem surrounding <a href="https://www.cryptoknowmics.com/news/lekki-free-zone-set-to-partner-gluwa-on-blockchain-technology/" target="_blank" rel="noopener">blockchain technology</a> and the creation of new digital assets have been evolving quickly, boosting the demand for investment strategies in this newly emerging market. According to <a href="https://www.finextra.com/pressarticle/94256/blackrock-launches-blockchain-etf" target="_blank" rel="nofollow noopener">reports</a>, BlackRock is now allowing European investors to gain exposure to several companies involved in the development, invention, and use of blockchain and cryptocurrency technology through establishing an exchange-traded fund (ETF) that the investment juggernaut launched on September 29.
<h2>BlackRock Rolls Out Blockchain ETF</h2>
The NYSE FactSet Global Blockchain Technologies Capped Index is replicated by the iShares Blockchain Technology UCITS ETF [BLKC]. BLKC consists of 35 international enterprises from developed and emerging markets, with a 75% exposure to blockchain-related businesses like <a href="https://www.cryptoknowmics.com/news/bitcoin-reserve-linked-to-fugitive-do-kwon-opposes-moving-tokens/" target="_blank" rel="noopener">Bitcoin</a> exchanges and miners and a 25% exposure to companies that support the blockchain ecosystem, including semiconductor and payment providers. Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, stated,
<blockquote><em>"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. The continued proliferation of blockchain technology underscores its potential across many industries."</em></blockquote>
Blockchain-based distributed ledger technology supports a notional market worth $1 trillion for <a href="https://www.cryptoknowmics.com/news/ukrainian-supermarket-chain-accepts-cryptocurrencies-via-binance-pay/" target="_blank" rel="noopener">cryptocurrencies</a> and digital assets. It presents many prospects for enhancing operational efficiencies in financial markets. According to an early report from August, BlackRock and <a href="https://www.cryptoknowmics.com/news/coinbase-receives-regulatory-permission-in-netherlands/" target="_blank" rel="noopener">Coinbase</a> have joined to make cryptocurrency available to institutional investors with assets on Coinbase through the Aladdin asset manager toolkit.

BlackRock Rolls Out Blockchain ETF For European Customers

BlackRock allows European investors to gain exposure to companies engaged in the development of blockchain and crypto technology through an ETF.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

BlackRock Rolls Out Blockchain ETF For European Customers

Top Picks