Follow the Smart Money

“The world’s largest asset manager, which manages roughly $10 trillion in assets, added the iShares Blockchain and Tech ETF (IBLC) to its megatrends product suite on Wednesday.”

You do not get to be the largest asset manager in the world without being very very good at what you do. So when BlackRock decides to launch its own Blockchain ETF it puts the rest of the world on notice.

Add in the fact that “The new blockchain fund launched about a week after Fidelity listed its Crypto Industry and Digital Payments ETF (FDIG) and its Metaverse ETF (FMET)” and you get the picture that big money and big money managers are becoming more involved in the crypto space.