Giant Investment Management Company BlackRock Sets Fund For BTC

Described as one of the technologies of the future, cryptocurrencies come up with new news every day. Although the crypto money exchange has experienced great declines recently, moves continue to come from many giant companies. Now the giant US-based investment management firm from BlackRock a Bitcoin (BTC) step has come.

The company, which is the largest in the world in its field, opened the cryptocurrency exchange to allow institutional investors to invest in cryptocurrencies on August 4th. Coinbase decided to partner with It was stated that this partnership will only cover the leading cryptocurrency Bitcoin in the first place. BlackRock is now on the move to enable US institutional clients to invest in spot BTC. special fund started.

Huge demand for Bitcoin from customers

This fund was recorded as the first service of the company, which is stated to manage close to 10 trillion dollars of assets, to directly invest in Bitcoin. In addition, despite the stock market decline, the company is able to provide access to these technologies from its customers. they get a lot of requests He also added to his comments.

In addition, BlackRock emphasized that Bitcoin is the oldest and largest crypto asset, noting that it is the primary interest of its customers. In addition, the company noted that they are examining the sustainability issue in BTC mining. blockchain, stablecoin, crypto assets He also stated that they are investigating issues that will benefit their customers, such as

BlackRock’s fund launch enabled the continuation of the recent rise in Bitcoin. The leading cryptocurrency reached its highest level in recent times, reaching around $ 24,800 after the statements. Bitcoin, at the time of this writing 24,490 traded in dollars.