BlackRock launches spot bitcoin private trust for U.S. clients


FILE PHOTO: A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France. REUTERS/Benoit Tessier

BENGALURU: BlackRock Inc, the world's biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on its website.

The trust will track the performance of bitcoin, offering direct exposure to the price of the digital currency, BlackRock said.

"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," the company said




The move comes a week after cryptocurrency exchange Coinbase Global Inc said it had partnered with BlackRock to provide its institutional clients with access to crypto trading and custody services.

The latest developments underscore how traditional institutions including pension funds, hedge funds and banks have been pushing into crypto assets lately, wagering the alternative asset class is here to stay.

Even as, the crypto sector has been battered by a slump in asset prices as investors fled risky assets amid geopolitical turmoil, inflation and worries of an impending recession. - Reuters


  • 评论列表:
  •  皇冠投注网(
     发布于 2022-12-09 00:12:11  回复
  • 外资联博指出,台积电第三季营收合乎预期,第四季就算智慧机与部分客户订单调整,整体需求依旧强劲、产能仍十分吃紧,此外,台积电晶圆代工涨价于12月生效,预期第四季财测可望惊艳市场。可以多看几遍
    •  皇冠信用网开户(
       发布于 2022-12-30 11:15:05  回复
    • “The contribution of SMEs to GDP declined to 37.4% (2020: 38.1%) with a value add of RM518.1bil. The services and manufacturing sectors upheld their position as the main contributors with both sectors representing 83% of SME GDP.总之加油吧