High growth opportunities with iShares Blockchain Technology UCITS ETF (ISIN: IE000RDRMSD1) - is it worth getting started?

High growth opportunities with iShares Blockchain Technology UCITS ETF (ISIN: IE000RDRMSD1) - is it worth getting started?

According to a report by www.boerse-online.de,

ETFs remain a popular investment, but performance is typically not as high as individual stocks. However, a new ETF is betting on a market that is expected to grow by around 87 percent annually by 2030.

Gigantic growth with this ETF – that’s what’s behind it

Cryptocurrencies were already gaining momentum again at the beginning of 2023 as several regional banks in the USA filed for bankruptcy. The American Securities and Exchange Commission (SEC) approved Bitcoin Spot ETFs in the USA, which large asset managers such as BlackRock, Fidelity and Co. can now bring onto the market. These developments raise hopes of increasing acceptance of cryptocurrencies and more institutional money entering the market.

The market research company Grand View Research predicts in an analysis that the global blockchain market is expected to grow by 87.7 percent every year until 2030, due to the increasing demand for secure and transparent transactions in many industries. Blockchain is considered one of the most secure methods for storing, authenticating and protecting data.

The iShares Blockchain Technology UCITS ETF (ISIN: IE000RDRMSD1) offers investors the opportunity to invest in companies involved in the research, implementation, development and deployment of blockchain and cryptocurrency technologies and applications. The top positions include well-known crypto platforms, Bitcoin mining companies and digital payment service providers. The ETF's total expense ratio is 0.5 percent, it is accumulating and was launched in September 2022.

Should you invest in this ETF?

Crypto fans predict incredible growth for the industry. Tech investor Cathie Wood sees Bitcoin reaching $1 million by 2030. VanEck predicts that Bitcoin will reach an all-time high as early as the fourth quarter of 2024. This industry is high risk but also high growth. The ETF offers the opportunity to bet without the risk of a single candidate, with a focus on blockchain technology and not individual cryptocurrencies. This investment should be viewed as a growth opportunity and not as a retirement plan. With manageable stakes, it could bring investors high growth opportunities.