US investment giant BlackRock has created the iShares Blockchain and Tech ETF (IBLC), an ETF consisting of shares of cryptocurrency and tech companies.
As reported by the company, unit holders of the fund will receive dividends every six months and pay a low fee of 0.47%. The IBLC includes securities of Z4 firms. In terms of equity portfolio holdings, the leaders are Coinbase with 11.45%, mining company Marathon Digital Holdings with 11.19% and Riot Blockchain with 10.41%.
BlackRock has published simultaneously with the launch a report on three areas of the market that are undergoing permanent change. According to the company experts, the list of these sectors includes the blockchain industry, the potential of which has not been fully disclosed.
BlackRock study states:
“Many cryptocurrencies have risen since 2020, but the market has yet to appreciate the impact of blockchain technology on remittances, contract fulfillment and the consumption mechanism.”
