BlackRock flags rotation into AI-focused ETFs as investors refine their Big Tech bets

BlackRock says investors are rotating out of broad tech exposure and into targeted artificial-intelligence funds, lifting interest in its iShares A.I. Innovation and Tech Active ETF, which holds Nvidia, Broadcom, Meta and Microsoft. The ETF is up 36% since launching last October but slid about 5% Friday alongside the tech-heavy Nasdaq. Jay Jacobs, BlackRock’s U.S. head of equity ETFs, said buyers want purer AI exposure spanning chips to large-language models. He also pointed to growing appetite for blockchain assets, noting the iShares Ethereum Trust has climbed roughly 42% over 12 weeks. Amplify ETFs’ Christian Magoon cited regulatory momentum—including the recently enacted GENIUS Act on stablecoins—as a tailwind for tokenization and payments, even as blockchain-oriented funds such as BLOK pulled back with the broader market.

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