Asset management giant BlackRock, a week after linking up with coinbase, has unveiled a new spot bitcoin private trust offering direct access to the cryptocurrency for the first time. BrandyBetz reports
The trust, BlackRock’s first to offer direct exposure to bitcoin, seeks to track the performance of the largest cryptocurrency by market value.
“Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities,” the BlackRock team said in a website post. BlackRock said the firm has conducted work in four areas of digital assets and their ecosystems that could benefit the firm’s clients and broader capital markets: permissioned blockchains, stablecoins, crypto assets and tokenization.to its clients, confirming that institutional investors remained interested in the crypto industry even as the bear market emerged.
Last week, BlackRock and Coinbase announced that mutual institutional customers would have access to digital assets through BlackRock’s Aladdin portfolio management software, starting with bitcoin.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nasdaq enters bull market, exits worst bear market since 2008The beaten-down stock averages are dusting themselves off with the Nasdaq Composite entering a fresh bull market, while the Dow Jones Industrial Average exited its recent correction.
Leer más »
President Biden signs PACT Act into lawLaw makes it easier for veterans to get medical care after exposure to toxic fumes
Leer más »
Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin NewsThe bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86 megawatts (MW).
Leer más »
Coinbase Suffers $1.1 Billion Loss in Second Quarter as Retail Investors Leave Crypto | CoinMarketCapStressing that things are never as bad as they seem, Coinbase says: 'The current downturn came fast and furious, and we are seeing customer behavior mirror that of past down markets.'
Leer más »
How much gold is a bitcoin worth?This graphic compares the two assets by showing how much gold is equivalent to one bitcoin.
Leer más »