BlackRock-owned ETF provider iShares has launched an ETF based on the NYSE FactSet Global Blockchain Technologies Index.
The ETF, Blockchain and Tech ETF, has received the ticker IBLC and tracks the dynamics of the shares of US and foreign companies in the field of development, innovation and use of blockchain and crypto technologies. In particular, those related to mining, its infrastructure, cryptocurrency trading and chip production.
The ETF does not involve the direct purchase of digital assets, so investors will not have a direct exposure to the assets.
The ETF consists of 34 assets. At launch, Coinbase (11.45%), Marathon Digital Holdings (11.19%) and Riot Blockchain (10.41%) shares hold the largest shares. The total Expense Ratio is 0.47%, AUM on April 27 was $4.7 million.
