Bringing you live news and features since 2006 

BlackRock launches the iShares Blockchain Technology UCITS ETF


BlackRock writes that the growth of digital assets and the blockchain ecosystem has continued to increase, driving demand for investment strategies in this emerging universe.

BlackRock has launched an ETF that is designed to enable European customers to gain exposure to a variety of companies involved in the development, innovation, and utilisation of blockchain and crypto technologies.

The iShares Blockchain Technology UCITS ETF [BLKC] will track the NYSE FactSet Global Blockchain Technologies Capped Index. BLKC comprises 35 global companies from developed and emerging markets with 75 per cent exposure to companies whose primary business is related to blockchain, such as crypto miners and exchanges, and 25 per cent exposure to companies who support the blockchain ecosystem, such as payments and semiconductor companies. The exposure is at the forefront of innovation, paving the future of blockchain, the firm writes. BLKC does not directly invest in cryptocurrencies.

Blockchain has already given rise to decentralised payment systems, underlying a notional USD1 trillion market cap for cryptocurrencies and digital assets, and the distributed ledger technology continues to offer myriad possibilities for efficiencies in the capital markets.

Furthermore, BlackRock writes that trading volumes for digital assets, and the depth of market, has improved five times year-over-year, from USD10 billion average daily volume at 31 December 2017 to USD53 billion at 31 August 2022.

Omar Moufti, product strategist for thematic and sector ETFs at BlackRock, says: ‘We believe digital assets and blockchain technologies are going to become increasingly relevant for our clients as use cases develop in scope, scale and complexity. The continued proliferation of blockchain technology underscores its potential across many industries. The exposure offered by the iShares Blockchain Technology UCITS ETF will allow our clients the opportunity to engage with global companies leading the development of the emerging blockchain ecosystem.’

The Fund is listed on Euronext, with a total expense ratio (TER) of 0.50 per cent.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by