BlackRock has unveiled a European ETF listed on Euronext, the iShares Blockchain Technology UCITS ETF. The news comes five months after launching a similar ETF in the United States, which has attracted $6 million in investment so far. In August, BlackRock also launched a private Bitcoin trust for institutions.
Today’s ETF includes 35 companies, with three quarters having a blockchain as their primary blockchain business, including cryptocurrency miners and exchanges. The balance supports the blockchain ecosystem such as payments and semiconductor firms.
‘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. The continued proliferation of blockchain technology underscores its potential across many industries,” said Omar Moufti, product strategist for thematic and sector ETFs at BlackRock.
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