ETF provider iShares, part of investment firm BlackRock, has launched an ETF based on the NYSE FactSet Global Blockchain Technologies Index.

$IBLC here – our first #blockchain and technology ETF gives investors access to companies that are at the forefront of the development, innovation and exploitation of blockchain and crypto technologies. https://t.co/qZtfYV4UoS pic.twitter.com/F7jtL3tnpe

— iShares (@iShares) April 27, 2022

Blockchain and Tech ETF received the code IBLC.

The tool tracks the dynamics of shares of American and foreign companies in the development, innovation and use of blockchain and crypto technologies. Especially those related to mining, infrastructure, cryptocurrency trading and chip manufacturing.

ETF does not involve the direct purchase of digital assets.

The ETF consists of 34 assets. At launch, Coinbase (11.45%), Marathon Digital Holdings (11.19%) and Riot Blockchain (10.41%) hold the largest shares. 9.15% is in US dollars.

Total Expense Ratio 0.47%, AUM April 27 — $4.7 million.

The launch of the Blockchain and Tech ETF was accompanied by the release of an iShares report on the drivers of economic growth. In it, analysts talked about blockchain technologies along with genomics, precision medicine, plant foods, robotics and electric vehicles.

“The capitalization of many cryptocurrencies has skyrocketed since 2020, but the market does not seem to appreciate the influence of blockchain advocates and those driving the transformation of payments, contracts and consumption.”says document.

Recall that in April 2022, BlackRock CEO Larry Fink announced the possibility of expansion in the cryptocurrency market. Nine months ago, it registered minimal customer interest in digital assets.

In February, media wrote that BlackRock will add the ability to trade cryptocurrencies to its portfolio management system. Aladdin. It was also reported that the company plans to integrate a lending service secured by digital assets.