BlackRock said that it sees a huge opportunity unfolding in the crypto and blockchain industry.
BlackRock’s IBLC blockchain ETF will track some of the public listed and global companies operating in the crypto and blockchain space.
On Wednesday, April 27, financial services giant BlackRock announced its debut blockchain ETF – the iShares Blockchain and Tech ETF (IBLC). BlackRock said that this new ETF will be part of its “megatrend” product suite.
BlackRock’s blockchain ETF (IBLC) will provide investors with exposure to the blockchain and crypto industry without directly owning the digital assets. Rather, the $4.7 million IBLC ETF will track the number of global companies operating in these two industries. Also, the filing with the U.S. SEC shows the IBLC ETF seeks exposure to companies at the forefront of “development, innovation, and utilization”.
BlackRock is the world’s largest asset manager with more than $10 trillion in assets under management. Its thematic pla
