BlackRock opens access to bitcoin

- Advertisement -

BlackRock Investment Company launched private trust offering US institutional investors access to bitcoin, reports RBC Crypto.

- Advertisement -

“Despite the sharp downturn in the crypto market, we continue to see high interest from some institutional clients on how to access these assets efficiently and cost-effectively,” BlackRock said in a statement.

- Advertisement -

In early August, the company announced a partnership with crypto exchange Coinbase to provide institutional investors with access to cryptocurrencies. BlackRock manages approximately $9 trillion in client funds.

BlackRock first announced its interest in cryptocurrency in January 2021. Then the company sent a statement to the SEC, from which it became known that two of its funds – BlackRock Funds V and BlackRock Global Allocation Fund – are considering trading bitcoin futures. In April of the same year, BlackRock began working with bitcoin, making transactions with futures on the Chicago Commodity exchange (CME).

Stay in touch! Subscribe to World Stock Market at Telegram.

Source: Cryptocurrency

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles