BlackRock, the largest asset management company in the world, recently launched a new exchange traded fund (ETF) to give its customers in Europe an opportunity to invest in blockchain technology companies as well as ancillary companies to this industry. This new ETF, which was unveiled on Sept. 27, 2022, dubbed iShares Blockchain Technology UCITS ETF, is putting 75% of its holdings into blockchain firms (crypto exchanges and crypto mining firms, for example) while the remaining 25% will be held in blockchain ancillary enterprises, such as those specializing in providing legal services to blockchain industry players.
At the moment, the ETF has invested in approximately 50 global companies; 35 are blockchain companies while the remaining 15 are entities serving the blockchain ecosystem. The holdings include blockchain derivatives as well as fiat cash, but no direct investment has been made in…
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