The fund pulled in more than $18 million in assets over two days last week but has seen negligible interest from investors long term.
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Numerous products have been awaiting approval by the SEC, and more, such as an index-based crypto ETF, are in development.
The asset manager disclosed that it will close and liquidate the mutual funds and ETFs, including the BlackRock Impact Mortgage Fund.
The world’s leading asset manager says the cryptography underlying Bitcoin could be compromised by quantum hackers.
An iShares ETF caps individual holdings at 3%; it isn’t the first to skew allocations away from the largest companies.
BlackRock is prepping an ETF that would focus on companies based in the Lone Star State. There are few equity funds like it.