Blackrock, one of the largest asset managers in the world, and Coinbase, one of the largest Bitcoin buying and selling platforms, have announced a partnership that will allow Blackrock clients to invest in Coinbase. The new fund will be available to clients later in 2022.
They will not be offering any other cryptocurrency besides Bitcoin, which tells you everything you need to know about the status of Bitcoin as a commodity versus every other cryptocurrency being an unregistered security.
Blackrock is one of the largest asset managers in the world.
Blackrock is one of the largest asset managers in the world, with over $6 trillion under management. They manage assets for numerous pension funds and individual investors, serving over 130,000 clients globally. This makes their partnership with Coinbase to provide direct Bitcoin exposure to their massive client network incredibly bullish news for the future of the digital commodity.
Read more here: https://www.forbes.com/sites/stevenehrlich/2022/08/04/blackrock-picks-coinbase-to-provide-clients-with-direct-bitcoin-exposure/?sh=7c6989881445