BlackRock has officially launched a blockchain-focused exchange-traded fund that provides investors with exposure to the crypto and blockchain industry without needing to directly own digital assets.
The $4.7 million ETF does not directly own cryptocurrencies or digital assets themselves but instead tracks an array of international companies that are involved in the industry. Showing readiness for future acquisitions, the ETF currently sports a healthy 9.15% USD cash position.a report that outlined three main areas of the market that are currently undergoing permanent changes.
The ETF is comprised of 41 separate holdings, with the largest single holding being Coinbase, making up 11.45% of the fund. This is closely followed by large BTC miners Marathon Digital Holdings with 11.19% and Riot Blockchain Inc., accounting for 10.41% of the total holdings.