New York-based multinational investment management firm Blackrock has filed an application with the U.S. Securities and Exchange Commission (SEC) for a blockchain-based exchange-traded fund (ETF). The Ishares Blockchain Technology ETF is designed to track the Intercontinental Exchange (ICE) index known as the Factset Global Blockchain Technology Index.
BlackRock files to launch blockchain ETF
Blackrock, an investment firm with $10 trillion in assets under management (AUM) as of January 2022, wants to launch an exchange-traded fund (ETF) called the Ishares Blockchain Technology ETF.This is according to a SEC filing Submitted by Blackrock, the fund said the fund will track an ICE index known as the NYSE Factset Global Blockchain Technology Index (NYFSBLC).
According to the filing, the NYFSBLC launched on December 31, 2021. BlackRock’s ETF filing investment objective states, “The Ishares Blockchain and Technology ETF is designed to track the investment results of an index of participating U.S. and non-U.S. companies, innovation and utilization of blockchain and crypto technologies.”
Blackrock’s ETF head Salim Ramji mentioned blockchain funds last year
The Ishares ETF will include blockchain technologies such as “cryptocurrency mining,” “cryptocurrency trading and exchanges,” and “cryptocurrency mining systems.” ETF filings follow BlackRock CEO Larry Fink’s View About Bitcoin (bitcoin) and how he envisions “the huge role of digital currency.” Meanwhile, BlackRock Chief Investment Officer (CIO) Rick Rieder Say In September, he believed that the price of bitcoin could rise significantly.
BlackRock’s plans to introduce a blockchain technology ETF were first mentioned in the first week of December 2021.BlackRock’s head of exchange-traded funds and index investing, Salim Ramji, reveals ETF plans, according to businessinsider.com Report Written by Rebecca Ungarino.
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