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

The official website dedicated to BlackRock's ETF manager iShares claims that "blockchain tech is allowing 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 crypto exchange Coinbase Global Inc. (NASDAQ:COIN).