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
Latest Analysis
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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.
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Indeed, only public and liquid stocks. Which means mostly very large marketcap. But still, my grandpa would buy that one! :D
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Lol I don’t know anything about ETF’s. Might never touch it. Do you own any?
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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!
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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
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