IBLC iShares Blockchain and Tech ETF - The Next Best Thing To Invest in Crypto
πππBitcoin is up 80% year to date and $iShares Blockchain and Tech ETF(IBLC)$ is up a massive 114%! I believe that IBLC ETF is the next best thing to crypto as it allows me to gain instant access to the best and largest companies involved in the rapidly growing Blockchain technology.
The Top 10 holdings include $Coinbase Global, Inc.(COIN)$
Riot Platforms, Block Inc, Hut Mining, Marathon Digital, Clean spark, Nvidia, Paypal, Wolters Kluwer and IBM. The weightage of the Top Holdings is 68%. Total number of holdings is 36.
IBLC ETF expense ratio is 0.47%, the lowest among its competing ETFs. It even pays half yearly dividends at 1.91%.
I like that IBLC ETF is not US centric, even though it holds 74% weightage. It also includes Canada, Japan, Netherlands, Hong Kong and even Singapore.
Performance wise, $iShares Blockchain and Tech ETF(IBLC)$ is up 4% at the last closing date on 7 July and a whopping 114% year todate. IBLC holds buy signal from both short and long term Moving Averages giving a positive forecast for the ETF.
IBLC provides a more diversified blend of technology, blockchain and Bitcoin miners. Apart from Coinbase, it has Nvidia whose microchips are used in Bitcoin mining equipment and even PayPal which is pursuing new crypto based business models.
$iShares Blockchain and Tech ETF(IBLC)$ privides me with a low cost yet diversified way to tap into this exciting rise of blockchain technology. It also minimises my risk on individual stocks as it holds a basket of other stocks too.
At the last closing price of USD 21.19, $iShares Blockchain and Tech ETF(IBLC)$ gives me the maximum bang for my bucks and is my tactical play to diversify my portfolio.
@Daily_Discussion @TigerStars @MillionaireTiger @Tiger_comments @CaptainTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Coinbase will hit over $100 easily short term! $400 by end of year. It has partnered up with Blackrock and working with SEC to set rules for Crypto! It will hit over $1000 after halving.
Coinbase is in great position but impacted by news no nasdaq, news on btc, news on other criptos, news on itself...which show how markets are not at all stabilized how dangerous this could be for the investors.
now we understand why all the ETF submission are considering Coinbase exchange...
I'm a coin bear. Coinbase is a criminal organization who steals from customer accounts.