The ecosystem surrounding blockchain technology and the creation of new digital assets have been evolving quickly, boosting the demand for investment strategies in this newly emerging market. According to reports, 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. BlackRock Rolls Out Blockchain ETF 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 Bitcoin 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, “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.” Blockchain-based distributed ledger technology supports a notional market worth $1 trillion for cryptocurrencies and digital assets. It presents m...
