Blackrock, a multinational investment management company, launched the iShares Blockchain and Tech ETF. (IBLC), a basket that includes equities such as Coinbase, Marathon Digital and bitcoin miners Marathon Digital. The fund’s total net assets stood at $4,755,562 as of April 26th. There were 34 holdings.
BlackRock, which manages $10 trillion of assets, entered the world of blockchain ETFs just days after Fidelity, its main competitor, listed two new Bitcoin ETPs at the SIX Swiss exchange. BlackRock, which manages $10 trillion in assets, launched the iShares Blockchain ETF (IBLC), just days after its main competitor Fidelity listed two new Bitcoin ETPs on the SIX Swiss exchange. The product costs 47 basis points and allocates around 11% to Coinbase and Marathon Digital. Riot Blockchain, another American bitcoin miner, was 10%. The other two largest holdings are Galaxy Digital and Hive Blockchain Technologies. The other two major holdings are Galaxy Digital and Hive Blockchain Technologies.
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