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Blackrock Will Break Bitcoin [Here�s How]BlackRock is proposing to convert the trust to a "spot" ETF, which means it will own ether instead of futures products tied to the crypto token. The iShares Blockchain and Tech ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that are involved in the. The BlackRock Bitcoin ETF is an investment fund that offers regulated exposure to Bitcoin for investors.