The world's largest asset manager Blackrock submits blockchain tech ETF - blockchain

The multinational investment management group Blackrock based in New York has submitted an application for a listed blockchain-tech fund (ETF) at the Securities and Exchange Commission (SEC). The Ishares Blockchain Tech ETF aims to reproduce the Intercontinental Exchange (ICE) Index called Factset Global Blockchain Technologies Index.

Blackrock plans to introduce a blockchain ETF

The investment company with an administrated assets of $ 10 trillion (AUM) from January 2022, Blackrock, hopes to be able to put on a stock market-traded fund (ETF) called Ishares Blockchain Tech ETF. This is according to A SEC submission submitted by Blackrock, which says that the fund is reproduced the ICE index called NYSE FACTSET Global Blockchain Technologies Index (NYFSBLC).

According to documents, NYFSBLC was initiated on December 31, 2021. The investment goal of Blackrock's ETF registration states that "Ishares Blockchain and Tech ETF tries to reproduce the investment results of an index that is composed of US and non-US companies that are involved in the development. Innovation and use of blockchain and crypto engineering."

The ETF leader of Blackrock, Salim Ramji, mentioned the blockchain fund last year

The ISHARES ETF will include blockchain technologies such as "cryptocurrency mining", "cryptocurrency trade and exchanges" and "crypto mining systems". The ETF registration follows the CEO of Blackrock, Larry Fink opinion About Bitcoin ( bitcoin ) and how he imagines a big role for a digitized currency ". Rick Rieder, Chief Investment Officer (CIO) from Blackrock said in September, he thought, that the price of Bitcoin could increase significantly.

The plans of Blackrock to introduce a blockchain-tech ETF were first mentioned in the first week of December 2021. According to Businessinsider.com href = "https://www.businessinsider.com/blackrock-launch-Blockchain-eft-in-202-salim-stocks2021-12" Rel = "noopener"> test report written by Rebecca Hungarianino.

What do you think of Blackrock's Blackchain-Tech-ETF registration with the Sec? Let us know your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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