According to BlockBeats, on July 2, Nate Geraci, president of The ETF Store, revealed that BlackRock, the world's largest asset management company, acquired Preqin, an alternative/private market data provider, with the goal of using this data to eventually create ETFs. However, Geraci pointed out that using this data to create ETFs that hold private market investments is a difficult problem because "using data" is equivalent to copying, and private market investments cannot be copied.
