BlackRock launches its first Blockchain ETF!
Hi HODLers,
As you are deep into the CryptoWorld, you might thin: "So what"? From your perspective you do not care but this is not a product for you (except in your retirement plans maybe).
BlackRock is a New York-based Asset Manager, which manages a little under $10 trillion-worth of assets!
This is a product launched for your pop or grandpa who does not understand Crypto but understand ETFs.
There has been some launched before, why does that one matter?
- BlackRock is the world’s biggest asset manager.
- It just launched a blockchain and tech ETF, giving investors exposure to crypto companies.
Main Holdings
- Coinbase: 11.45%
- Marathon Digital Holdings (11.19%)
- Riot (10.41%)
They also have names such as Paypal or Block.
Would you buy this ETF for your retirement plan?
Stay safe out there,
BlackRock Launches Its First Crypto-Exposed ETF With Sizable Coinbase Allocation, Decrypt
Even though I have hear stories about ETFs, it is still very much Difficult for me to still trust on etf though. Launching of it as one of the blockchain is a great development
I think the only ETF that would make a big hype is a spot Bitcoin ETF that is backed by physical Bitcoin.
@tipu curate
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