BlackRock launches its first Blockchain ETF!

in LeoFinance2 years ago

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).

image.png
Image Source

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?

  1. BlackRock is the world’s biggest asset manager.
  2. 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

image.png

Latest Analysis

Posted Using LeoFinance Beta

Sort:  

The ETF looks like a bunch of exchanges and mining companies but I guess those are the only publically traded companies there involved in the space.

Posted Using LeoFinance Beta

Indeed, only public and liquid stocks. Which means mostly very large marketcap. But still, my grandpa would buy that one! :D

Posted Using LeoFinance Beta

Lol I don’t know anything about ETF’s. Might never touch it. Do you own any?

Posted Using LeoFinance Beta

Well, if you want to get exposure to stocks you should buy some as they have low fees.

ETF of SP500, MSCI World or sector funds such as a healthcare stocks ETF,...

Easy and cheap!

Posted Using LeoFinance Beta

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

Thank you!

Posted Using LeoFinance Beta

Wow! Things are moving fast! The billionaires don’t want to miss the boat!lol

Well, I guess large asset managers do not want to miss billionaire's money and therefore offer this kind of products :D

Posted Using LeoFinance Beta