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BlackRock Plans ‘Blockchain and Tech’ ETF Amid Crypto Meltdown

  • Fund would track companies involved with crypto technologies
  • Crypto-linked equity ETFs have ballooned in recent years

BlackRock Inc. is stepping into the arena of cryptocurrency-flavored exchange-traded funds in the midst of a $1 trillion wipeout.

The iShares Blockchain and Tech ETF would invest in companies involved in the “development, innovation, and utilization of blockchain and crypto technologies,” according to a Friday filing with the U.S. Securities and Exchange Commission. If launched, it would be the first crypto-adjacent fund in the largest ETF issuer’s lineup.