BlackRock launches ETF for crypto stocks – Bits Media

iShares, subsidiary of the largest wealth management firm BlackRock, filed an application to launch an exchange-traded fund, which will track shares of “blockchain and cryptocurrency firms”.

According to the document, shares of the iShares Blockchain and Tech ETF will be based on NYSE FactSet Global Blockchain Technologies Index. The composition of this index has not yet been determined, but it will include shares of various companies, working in the field of blockchain and cryptocurrencies. We should expect the appearance of shares of mining companies, cryptocurrency exchanges and brokers. Besides, it is possible to include companies “producing semiconductor systems for video accelerators” in the index.

"NYSE FactSet Global Blockchain Technologies Index is a modified equity index, the proportions of which are determined depending on the market capitalization of companies. It tracks the stock price of US and foreign companies, involved in the development, innovation and use of blockchain and cryptocurrencies", – said in the application to launch the ETF.

This is not the first time BlackRock has shown interest in the cryptocurrency industry.. So, Last summer it became known, what the investment giant invested $383 million to various mining companies.