BlackRock's iShares plans to announce a blockchain ETF

The World Heritage site is preparing an ETF focused on blockchain technology.

On January 21, the cryptocurrency market crashed as Bitcoin fell more than 10%. In this case, the iShares Blockchain and Tech ETF tracks the ROI of the NYSE FactSet Global Blockchain Technology Index, according to a filing submitted to the SEC by BlackRock's iShares. The index includes companies involved in the development and deployment of crypto technologies in the United States and abroad.

According to the data, the scheme plans to invest at least 80% of its assets in the stock market in the measure. You can allocate up to 20% of your money to futures, options, exchanges, cash and cash equivalents. Money does not invest in cryptocurrency directly or indirectly through cryptocurrency returns.

Also, the brand symbols or the percentage of products that should be displayed are not disclosed.

A company spokesperson declined to comment on the contents of the letter.

In the absence of a Bitcoin ETF space, investors are calling for the launch of a cryptocurrency-related ETF. The biggest gainer in the market is Amplify Investments' Transformational Data Sharing ETF (BLOK), which has reached $1.1 billion in assets since its launch in January 2018.

Todd Rosenbluth, CFRA's managing director of forex research and financial sharing, tweeted: "Given the company's focus on megatrend services, it is an exception for iShares to apply for an ETF. blockchain."

BlackRock has around 400 iShares ETF transactions in the US, with total assets of around $2.4 trillion. The company's assets under management (AUM) are estimated at $10 trillion.

In January 2021, the CFO announced that the Revenue Plan (BASIX) and Global Financial Institutions (MDLOX) would be able to invest in commodities. Trading, Bitcoin Futures Cash Flow is listed with the US Commodity Futures Trading (CFTC). ).

BlackRock CEO Larry Fink told CNBC in October that he sees "great opportunities" for the digital giants, but is unsure about the future of the cryptocurrency space. .

In his July earnings report, Larry Fink told investors he believes cryptocurrencies will one day become an asset, but long-term investors haven't asked the company how to include cryptocurrencies. currencies in their data.