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BlackRock’s CEO Larry Fink has for the first time specifically mentioned crypto, or digital assets as he calls it, in his annual letter to...

New York-based financial services group BlackRock has launched a thematic equity fund aimed at tech companies molding the development of the metaverse. The fund is...

The iShares Core S&P 500 ETF (CSPX) by BlackRock is now a token on ethereum trading on the defi platform Uniswap. It has the same...

Charles Schwab has filed with the SEC to launch an ETF focused on companies dealing with the cryptocurrency industry.

The post 🔴 Crypto Is Happening | This Week in Crypto – Jan 31, 2022 appeared first on 99 Bitcoins.

 Blackrock moves in on Blockchain, Russia reconsiders its crypto ban and McDonalds takes a …

🔴 Crypto Is Happening | This Week in Crypto – Jan 31, 2022 Read More »

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 […]

The world’s largest asset manager, BlackRock has filed for the registration of the iShares Blockchain and Tech ETF that will track the investment results of the NYSE FactSet Global Blockchain Technologies Index. According to a Friday filing with the US Securities and Exchange Commission, the ETF will track companies involved in ‘(a) cryptocurrency mining, (b) cryptocurrency trading and exchanges, or (c) crypto-mining systems.’ The underlying index is also composed of ‘(i) blockchain technology companies, (ii) cryptocurrency mining, (iii) cryptocurrency trading and exchanges, (iv) crypto-mining systems, and (v) video multimedia semiconductors,’ per the filing. The proposed fund will not invest in crypto directly or indirectly via crypto derivatives but plans to invest at least 80% of its assets in stocks included in the index including 20% in futures, options, swap contracts, cash, and cash equivalents. The filing doesn’t come as a surprise as Salim Ramji, the head of BlackRock’s global ETF initially hinted on a blockchain-themed ETF during a December episode of Bloomberg’s ‘Trillions‘ podcast. At the time, he said that the company would hold its crypto ETFs to its high standards for liquidity and transparency. “As the regulatory environment becomes clearer, and as the underlying liquidity dynamics of that market become more to our satisfaction, that some of those dynamics will work in our favor,” he added. BlackRock’s move into crypto ETF’s already aligns with the company’s indirect investment in Bitcoin (BTC). The company has invested close to $400 million in Bitcoin (BTC) mining stocks throughout 2021. Earlier this month, the asset manager revealed that its Strategic Income Opportunities Fund (BASIX) and its Global Allocation Fund (MDLOX) could invest in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC). BlackRock has nearly 400 iShares ETFs trading in the US, with combined assets under management of roughly $2.4 trillion. The firm’s total asset under management (AUM) stands at about $10 trillion.

The post BlackRock to Track Blockchain and Crypto Firms With New ETF appeared first on Cryptoknowmics-Crypto News and Media Platform.

BlackRock's iShares filed Friday to create a new "blockchain and tech ETF" that will track the performance of an index that follows companies working in this area.

The post BlackRock files for ETF to track performance of blockchain and crypto company-focused index appeared first on The Block.