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BlackRock will launch an ETF based on an index of blockchain and cryptocurrencies

BlackRock will launch an ETF based on an index of blockchain and cryptocurrencies

The iShares exchange-traded fund provider, part of the international investment company BlackRock, has applied to the SEC to launch an ETF based on the NYSE FactSet Global Blockchain Technologies Index.

According to the document, the Blockchain and tech ETF will include companies related to mining, its infrastructure and digital asset trading. It will also include stocks of blockchain companies and chip makers.

The entity will not directly own cryptocurrencies or their derivatives.

"The NYSE FactSet Global Blockchain Technologies Index is a market capitalization-weighted index of stocks, adjusted for their free float. It replicates the stock performance of U.S. and foreign companies involved in the development, innovation and use of blockchain and cryptotechnology." , - said in a statement.

Recall, in November, BlackRock ruled out launching its own crypto ETF in the near future.

Earlier, the head of the investment company reported minimal customer interest in digital assets.

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