World’s Largest Asset Manager Debuts Blockchain ETF

World’s Largest Asset Manager Debuts Blockchain ETF
фото показано с : zycrypto.com

2022-4-30 19:04

BlackRock has launched an ETF to enable investors to gain exposure to the growing blockchain space. The asset managers have also tipped the blockchain industry to drive irreversible change in various fields.

The BlackRock Blockchain And Tech ETF

On Wednesday, trillion-dollar asset manager BlackRock launched a blockchain ETF as part of their megatrend lineup. BlackRock disclosed that the iShares Blockchain and Tech ETF (IBLC) is not backed by crypto assets but rather tracks the shares of promising blockchain companies.

The investment vehicle, which the firm filed for in January and launched on Wednesday, already has $4.7 million in assets under management. Presently, the ETF is made up of about 34 separate holdings. Crypto exchange Coinbase, bitcoin miners Marathon Digital holdings, and Riot Blockchain Inc. make up the top 3 in the fund’s composition, with 11.45%, 11.19%, and 10.41% weighting in the fund.

Together with the ETF launch, BlackRock also identified blockchain technology as a key driver of permanent changes in consumer behavior in a report titled “The Great Acceleration.” However, according to the firm, the potential of this underlying technology to be applied in various other sectors, not just building cryptocurrencies, has yet to be factored in by the market. The Paper read:

“While most of the market attention has focused on the price and volatility of cryptocurrencies themselves, we believe the broader opportunity — leveraging blockchain technology for payments, contracts and consumption broadly — has not yet been priced in.”

Notably, BlackRock has not always expressed such bullish sentiment regarding the developing market in the past. In statements last year, the company’s CEO, Larry Fink, has often downplayed the hype surrounding digital assets. However, all that has changed this year, more so with the recent conflict in Europe. As ZyCrypto reported last month, the executive has revealed that new use cases may arise both for the current digital assets like Bitcoin and for the underlying technology following the invasion of Ukraine.

BlackRock Isn’t The Only Asset Manager Providing Blockchain Exposure

It is worth noting that BlackRock is not the only asset manager to offer a blockchain ETF. Interestingly BlackRock’s blockchain ETF launch comes days after Fidelity also launched similar products.

Earlier this month, Fidelity and BlackRock also participated in a funding round for Circle, issuers of the USDC stablecoin. Both firms appear to have no plans to slow down their involvement with the blockchain industry despite the performance of the crypto market this year.

Rachel Aguirre, BlackRock’s head of US iShares products, speaking at an event on Wednesday, said, “We have strong conviction that we’re at an inflection point, this confluence of factors is coming together,” adding, “Now is the time for investors to capture what we see is going to be exponential growth from here.”

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.0910131 (-100%)

blockchain etf asset tipped managers industry irreversible

blockchain etf → Результатов: 126


BlackRock запустила ETF на базе компаний из сфер блокчейна и криптовалют

Входящий в состав инвестиционной компании BlackRock провайдер биржевых фондов iShares запустил ETF на базе индекса NYSE FactSet Global Blockchain Technologies Index. $IBLC is here – our first-ever #blockchain and tech ETF giving investors access to companies at the forefront of the development, innovation and utilization of blockchain and crypto technologies.

2022-4-28 10:23


$800 Billion Dollar Asset Company Invesco Elwood Global Blockchain ETF Launches on London Stock Exchange

The London Stock Exchange receives a new blockchain exchange traded fund (ETF) that will start trading on the platform as soon as today. The Invesco Elwood Global Blockchain ETF is being launched by the investment management company and it has over $800 billion in assets under management. This will be the “world’s biggest blockchain” ETF. […]

2019-3-11 16:44


FT: на Лондонской фондовой бирже запускают крупнейший в мире блокчейн-ETF

По информации Financial Times, на 11 марта на Лондонской фондовой бирже запланирован листинг крупнейшего в мире блокчейн-ETF от американской инвесткомпании Invesco с $888 млн активами. Новый продукт предоставит пользователям возможность инвестировать в технологические компании, ориентированные на криптовалюты и применение технологии блокчейн.

2019-3-11 13:15


Фото:

Лондонская фондовая биржа готовится к запуску блокчейн-ETF от Invesco

Американская компания Invesco представила биржевый инвестиционный фонд (ETF), ориентированный на компании, которые потенциально могут получать прибыль от инвестиций в блокчейн. Торги новым финансовым инструментом стартуют сегодня, 11 марта, на Лондонской фондовой бирже.

2019-3-11 12:18


На Лондонской фондовой бирже запущены торги ориентированным на криптоиндустрию ETF

В понедельник, 11 марта, на Лондонской фондовой бирже (LSE) состоялся листинг блокчейн-ETF, предложенного американской инвестиционной компанией Invesco. Об этом пишет The Financial Times. Продукт под названием Invesco Elwood Global Blockchain ETF ориентирован на инвестиции в компании из блокчейн- и криптоиндустрии, включая известного производителя чипов для майнинга Taiwan Semiconductor Manufacturing (TSMC). В общей сложности новый ETF […]

2019-3-11 12:11


Запущен ETF отслеживания компаний облачных вычислений и блокчейна

Две американские инвестиционные компании AdvisorShares и Sabretooth Advisors осуществляют совместный запуск биржевого индексного фонда (ETF), отслеживающего акции технологических компаний, в том числе связанных с отраслью блокчейна и облачных вычислений.

2019-2-7 11:23


В рейтинг лучших финтех-проектов от Forbes попали криптокомпании

В рейтинге 50 лучших проектов Fintech 50 от Forbes вновь оказались криптовалютные стартапы. В традиционный рейтинг Fintech 50 входят компании, чьи продукты и услуги считаются будущим сферы финансовых услуг.

2019-2-7 13:04


Фото:

Bitcoin Weakens Despite No Crypto-Negative Headlines: BTCManager’s Week in Review Feb 4

Despite a lack of bitcoin-negative news, the bears have won over the bulls this week, which has resulted in a week-on-week decline in the price of bitcoin by over three percent. The re-application of CBOE and VanEck for a cryptocurrency ETF failed to boost the price of bitcoin, despite the move potentially opening the doorRead MoreRead More.

2019-2-5 20:00


Ethereum Constantinople Delayed Until February 27th (Last Date of VanEck Bitcoin ETF Verdict)

Ethereum Constantinople Delayed To Late-February Earlier this week, Ethereum World News reported that Ethereum’s long-planned Constantinople blockchain upgrade fell upon hard times, with developers drawing attention to an error in the protocol’s code, which would purportedly allow malicious attackers to drain ETH from smart contracts.

2019-1-18 22:02


Crypto Tidbits: Possible Japan Bitcoin ETF, Ripple Achieves Milestone, Ethereum Classic Attack

Although the Bitcoin price stumbled, fundamental developments for the crypto industry’s facets remained strong during the second week of 2019. New York opened a so-called “Blockchain Center,” purportedly funded by Microsoft, Ripple achieved a key milestone, and Bloomberg claims that Japanese regulators may green light a Bitcoin exchange-traded fund (ETF) in the future.

2019-1-13 21:00