BlackRock, the American multinational investment management names crypto as 1 of 3 big opportunities

Therefore, the world’s largest asset manager has launched a blockchain ETF,

Where it will provide clients with greater exposure to crypto and blockchain-related companies.

Moreover, BlackRock officially launched a blockchain focused ETF,

It provides investors with exposure to the crypto and blockchain industry without needing to directly own digital assets.

The world’s largest asset manager which currently manages approximately $10 trillion in assets,

Added the Blockchain and Tech ETF (IBLC) to its iShares product line.

Furthermore, the $4.7 million ETF does not directly own cryptocurrencies or digital assets themselves,

But instead tracks an array of international companies that are involve in the industry.

The ETF is comprised of 41 separate holdings, with the largest single holding being US-based crypto exchange Coinbase

Surely, making up 11.45% of the fund.

This is closely followed by large Bitcoin miners Marathon Digital Holdings (11.19%)

And Riot Blockchain Inc. which accounts for 10.41% of the total holdings.

Showing readiness for future acquisitions, the ETF currently sports a healthy 9.15% US dollar cash position.

Alongside the release of the new ETF, BlackRock published a report that;

Outlined three main areas of the market that are currently undergoing permanent changes.

The paper details just how bullish BlackRock is on the crypto industry,

Stating that while most of the attention directed towards digital assets focuses on the price and volatility,

The actual value of blockchain is not fully realize yet.

The paper also brings attention to the adoption of central bank digital currencies (CBDCs),

Noting that 87 countries are currently in the process of exploring the technology.

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