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    Bitcoin named one of three biggest opportunities with BlackRock’s Blockchain Industry ETF

    BlackRock has officially launched a blockchain-focused ETF that allows investors to gain exposure to the cryptocurrency and blockchain industries without actually owning digital assets.

    The world’s largest asset manager, which now manages over $10 trillion in assets, introduced the Blockchain and Tech ETF (IBLC) to its iShares product line on Wednesday.
    The $4.7 million ETF does not directly hold cryptocurrencies or digital assets, but rather follows the numerous worldwide enterprises participating in the industry.

    The ETF is made up of 41 individual assets, the largest of which is the US-based bitcoin exchange Coinbase, which accounts for 11.45 percent of the fund. Marathon Digital Holdings (11.19 percent) and Riot Blockchain Inc., which account for 10.41 percent of total assets, are the next largest bitcoin miners.
    The study also emphasises the development of central bank digital currencies (CBDCs), saying that 87 nations are presently investigating the technology.
    The study also emphasises the development of central bank digital currencies (CBDCs), saying that 87 nations are presently investigating the technology.

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