Fun

World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF

News Feed - 2022-01-23 03:01:03

World’s Largest Asset Manager Blackrock Files for Blockchain Tech ETF


The New York-based multinational investment management corporation Blackrock has filed an application with the Securities and Exchange Commission (SEC) for a blockchain tech exchange-traded fund (ETF). The Ishares blockchain tech ETF aims to track the Intercontinental Exchange (ICE) index called the Factset Global Blockchain Technologies Index. Blackrock Files to Launch a Blockchain ETF


The investment firm with $10 trillion in assets under management (AUM) as of January 2022, Blackrock, hopes to launch an exchange-traded fund (ETF) called the Ishares blockchain tech ETF. That’s according to a SEC filing submitted by Blackrock which says the fund will track the ICE index called the NYSE Factset Global Blockchain Technologies Index (NYFSBLC).


According to documents, NYFSBLC was initiated on December 31, 2021. Blackrock’s ETF filing investment objective says the “Ishares Blockchain and Tech ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.” Blackrock’s ETF Lead Salim Ramji Mentioned the Blockchain Fund Last Year


The Ishares ETF will include blockchain tech such as “cryptocurrency mining,” “cryptocurrency trading and exchanges,” and “crypto-mining systems.” The ETF filing follows the CEO of Blackrock, Larry Fink’s opinion about bitcoin (BTC) and how he envisions a “huge role for a digitized currency.” Meanwhile, Rick Rieder, Blackrock’s chief investment officer (CIO) said in September he thought bitcoin’s price could rise significantly.


Blackrock’s plans to introduce a blockchain tech ETF were first mentioned during the first week of December 2021. Salim Ramji, Blackrock’s exchange-traded fund and index investments lead revealed the ETF plans, according to businessinsider.com’s report written by Rebecca Ungarino. Tags in this story Blackrock, blackrock ceo, blackrock cio, Blackrock ETF Lead, Blackrock Fund, blockchain ETF, CEO of Blackrock, ETF, ETF Blockchain, Ishares ETF, Larry Fink, Rick Rieder, Salim Ramji, SEC, SEC filing


What do you think about Blackrock’s blockchain tech ETF filing with the SEC? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November BLOCKCHAIN | Jan 11, 2022 175-Year-Old News Cooperative the Associated Press Plans to Launch NFT Marketplace BLOCKCHAIN | Jan 11, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleUnion Bank of Philippines to Offer Crypto Trading and Custodial Services Next articleRussia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItJoe Biden Claims Inflationary Pressure "Rests With the Federal Reserve," Praises the Fed"s "Extraordinary Support" 


On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that ... read more.JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion Indian Government Needs More Time to Finalize Crypto Bill: Report UFC Partners With Dapper Labs to Launch NFT Collection "UFC Strike" NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase

News Feed

Tether mints another $1B — Last time, it helped Bitcoin climb to $73K
Zoltan Vardai6 hours agoTether mints another $1B — Last time, it helped Bitcoin climb to $73KBitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.3541 Total views
Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
Binance CEO Warns of "Profound Impacts" on Crypto Industry if BUSD Is Ruled as a Security Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto
This simple Bitcoin investment strategy prevents crypto traders from being liquidated
Ivan Zhelev3 hours agoThis simple Bitcoin investment strategy prevents crypto traders from being liquidatedData proves that dollar-cost averaging into Bitcoin produces better results than FOMO purchasing and attempting t
Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn’t Unlawful
Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn"t Unlawful Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258
Rich Dad Poor Dad’s Robert Kiyosaki Predicts ‘Giant Stock Market Crash’ in October — Says ‘Bitcoin May Crash Too’
Rich Dad Poor Dad"s Robert Kiyosaki Predicts "Giant Stock Market Crash" in October — Says "Bitcoin May Crash Too" Robert Kiyosaki, the best-selling author of “Rich Dad Poo
Solana Price At $4,000? Cup And Handle Pattern Shows Why This Is Possible
Este artículo también está disponible en español. The Solana price is currently in a massive supply zoneafter recent declines in the past 48 hoursthat cut across the enti
As Bitcoin’s Price Spikes Pods of BTC Whales Begin to Shrink in Size
As Bitcoin"s Price Spikes Pods of BTC Whales Begin to Shrink in Size Recent metrics from a variety of analytical web portals show that the quantity of bitcoin whales has been shrin
Dow Recoils as Bonds Surge, Oil Crashes & Recession Alarms Ring
The Dow Jones sputtered to another loss as bonds surged, oil crashed, and recession alarms grew even louder. | Source: REUTERS / Brendan McDermid Wild v
FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing
FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams "Erroneous Inclusion" in FTX Bankruptcy Filing The founder and CEO of an Africa-focused payments firm, Elizabeth Rossie
Bitcoin, Ethereum Technical Analysis: BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report
Bitcoin, Ethereum Technical Analysis: BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared f
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of cr
UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 Countries
UK Payments Company Wirex Becomes Visa Global Partner, Extends Crypto Card Program Reach to Over 40 Countries Wirex, a London-based digital payments company, has announced it has b