'Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,' said Blackrock. crypto cryptocurrency bitcoin $BTC
World's Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing 'Substantial Interest' From Clients
The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock.Blackrock, the world’s largest asset manager, has launched “Blackrock bitcoin private trust.” According to a Thursday blog post, the spot bitcoin private trust, available to U.S.
“Bitcoin is the oldest, largest, and most liquid cryptoasset, and is currently the primary subject of interest from our clients within the cryptoasset space,” the asset manager added. Blackrock further explained that it has been conducting work in four digital asset areas where it sees potential to benefit its clients and capital markets more broadly. The four areas are permissioned blockchains, stablecoins, crypto assets, and tokenization.with the Nasdaq-listed cryptocurrency exchange Coinbase.
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