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Blackrock ups blockchain presence with new European ETF

Posted:Sep 29, 2022 17:11 Category: Blockchain , Crypto , Europe , Posted by AIBC Group

BlackRock, the world’s largest asset manager, has made a further push into blockchain, launching a fund to provide European clients with exposure to digital assets.

The iShares Blockchain Technology UCITS ETF will track the New York Stock Exchange Factset Global Blockchain Technologies Index, which contains firms focused on blockchain and crypto. Blackrock already has a U.S. version of the fund, which launched earlier this year.

“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,” said Omar Moufti, product strategist for thematic and sector ETFs at BlackRock. 

“The continued proliferation of blockchain technology underscores its potential across many industries,” he said.

The fund is made up of 35 global firms from established and developing economies. It has 75 percent exposure to companies whose principal business is tied to blockchain, and 25 percent to companies that support the blockchain ecosystem, such as payment and semiconductor companies. The fund doesn’t directly invest in crypto.

Blackrock says trading volumes for digital assets have improved five times year-over-year from $10 billion daily in 2017 to $53 billion in August this year.

Up Next: AIBC Malta Week 2022

After the successful completion of the AIBC Toronto and Dubai Summits, SiGMA Group is working diligently on this year’s edition of Malta Week. From the 14th to the 18th of November, the company’s most prominent brands will be brought together under one roof for the AIBC Europe Summit, the premier networking opportunity of the year. The Summit at MFCC Ta’Qali is a stellar expression of European innovation in the Gaming, Esports and Emerging Tech sectors, featuring numerous panels and conferences by leading experts. Interested in joining our long list of speakers, exhibitors or sponsors? Please contact Sophie to reserve your spot, or visit our website for more information.

 

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