The world’s largest asset manager BlackRock, Inc. noir launched an exchange-traded fund (ETF) that gives exposure to the blockchain and cryptocurrency markets.

What happened: A request for the iShares Blockchain and Tech ETFs IBLC deposit with the SEC in February shows that it “seeks to track the investment results of an index composed of U.S. and non-U.S. companies involved in the development, innovation, and use of blockchain and crypto technologies.”

The official dedicated website to BlackRock’s ETF manager, iShares asserts that “blockchain technology enables independence and control of personal data while enabling financial inclusion for billions of unbanked consumers.”

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The fund – which launched on Tuesday – does not provide direct exposure to cryptocurrencies and instead focuses on companies involved in the industry such as the crypto exchange Coinbase Global Inc. PIECE OF MONEY.

Along with an 11.45% exposure to Coinbase, the ETF tracks Bitcoin BTC/USD mining companies Marathon Digital Holdings Inc. MARA at 11.19% and Blockchain Riot Inc RIOT at 10.41%, as well as the crypto-friendly payments giant PayPal Holdings Inc. PYPL.