A new exchange-traded fund (ETF) has just been introduced by BlackRock, the largest exchange-traded fund issuer in the world, and it is said to give European consumers access to the blockchain industry.
Only a few months had passed since BlackRock unveiled a digital assets fund, which had so far failed to draw in any investors.
The newly launched exchange-traded fund (ETF) with the ticker “iShares Blockchain Technology UCITS ETF (BLKC)” was unveiled on September 27. BlackRock is also submitting a request for a new metaverse product.
Omar Moufti, the Product Strategist at BlackRock, commented on the launch, saying: “The continued proliferation of blockchain technology underscores its potential across many industries. The exposure offered by the iShares Blockchain Technology UCITS ETF will allow our clients the opportunity to engage with global companies leading the development of the emerging blockchain ecosystem.”
Additionally, Moufti added that they believe blockchain technologies and digital assets will become more significant for their clients as use cases expand in scope, scale, and complexity.
The plan is “designed for investors wanting exposure to a wide variety of companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies,” according to BlackRock representatives.