World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF

World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF

The New York-based multinational investment management corporation Blackrock has filed an application with the Securities and Exchange Commission (SEC) for a blockchain tech exchange-traded fund (ETF). The Ishares blockchain tech ETF aims to track the Intercontinental Exchange (ICE) index called the Factset Global Blockchain Technologies Index. Blackrock Files to Launch a Blockchain ETF

The investment firm with $10 trillion in assets under management (AUM) as of January 2022, Blackrock, hopes to launch an exchange-traded fund (ETF) called the Ishares blockchain tech ETF. That’s according to a SEC filing submitted by Blackrock which says the fund will track the ICE index called the NYSE Factset Global Blockchain Technologies Index (NYFSBLC).

According to documents, NYFSBLC was initiated on December 31, 2021. Blackrock’s ETF filing investment objective says the “Ishares Blockchain and Tech ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.” Blackrock’s ETF Lead Salim Ramji Mentioned the Blockchain Fund Last Year

The Ishares ETF will include blockchain tech such as “cryptocurrency mining,” “cryptocurrency trading and exchanges,” and “crypto-mining systems.” The ETF filing follows the CEO of Blackrock, Larry Fink’s opinion about bitcoin (BTC) and how he envisions a “huge role for a digitized currency.” Meanwhile, Rick Rieder, Blackrock’s chief investment officer (CIO) said in September he thought bitcoin’s price could rise significantly.

Blackrock’s plans to introduce a blockchain tech ETF were first mentioned during the first week of December 2021. Salim Ramji, Blackrock’s exchange-traded fund and index investments lead revealed the ETF plans, according to businessinsider.com’s report written by Rebecca Ungarino. Tags in this story Blackrock, blackrock ceo, blackrock cio, Blackrock ETF Lead, Blackrock Fund, blockchain ETF, CEO of Blackrock, ETF, ETF Blockchain, Ishares ETF, Larry Fink, Rick Rieder, Salim Ramji, SEC, SEC filing

What do you think about Blackrock’s blockchain tech ETF filing with the SEC? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist 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 emerging today. Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November BLOCKCHAIN | Jan 11, 2022 175-Year-Old News Cooperative the Associated Press Plans to Launch NFT Marketplace BLOCKCHAIN | Jan 11, 2022

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUnion Bank of Philippines to Offer Crypto Trading and Custodial Services Next articleRussia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItJoe Biden Claims Inflationary Pressure "Rests With the Federal Reserve," Praises the Fed"s "Extraordinary Support" 

On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that ... read more.JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion Indian Government Needs More Time to Finalize Crypto Bill: Report UFC Partners With Dapper Labs to Launch NFT Collection "UFC Strike" NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase