BlackRock, the world’s largest asset management corporation, has filed an application with the US Securities and Exchange Commission (SEC) for a blockchain technology exchange-traded fund (ETF).

Despite the cryptocurrency market’s recent decline, BlackRock, with $10 trillion in assets under management, hopes to launch an ETF called the ‘iShares Blockchain and Tech ETF’.

The filing was made on January 21 and plans to track the ICE index called the NYSE Factset Global Blockchain Technologies Index (NYFSBLC) which was created on December 31, 2021.

Blackrock’s filing reads: “The Ishares Blockchain and Tech ETF seeks to track the investment results of an index composed of US and non-US companies that are involved in the development, innovation, and utilization of blockchain and crypto technologies.”

The ETF will include technologies and companies in fields such as cryptocurrency trading and exchanges, mining, and mining-systems.

The filing follows BlackRock CEO Larry Fink’s comment in October 2021 that there could be “a huge role for digitised currency” in the modern economy.

However, Fink contradictorily sided towards JPMorgan CEO Jamie Dimon’s belief that Bitcoin is worthless.

Blackrock’s plans to introduce a blockchain tech ETF were first mentioned in December 2021. Salim Ramji, Blackrock’s exchange-traded fund and index investments lead, revealed the plans.

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