Is Crypto the Future of Finance? BlackRock's Investment Says Yes
BlackRock's Growing Interest in Crypto BlackRock , the world's largest asset manager, has been steadily increasing its investment in crypto in recent years. In 2022, the company partnered with cryptocurrency exchange Coinbase Global to offer crypto investing services to large institutional investors. BlackRock CEO Larry Fink has also been a vocal supporter of crypto, calling it a "new asset class" with the potential to "transform the global financial system." In June 2023, BlackRock filed an application with the U.S . Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) backed by bitcoin. If approved, this would be the first bitcoin ETF to be listed on a major U.S. exchange. The filing has been met with mixed reactions, with some investors welcoming the move as a sign of institutional acceptance of crypto, while others have expressed concerns about the risks associated with bitcoin. BlackRock's growing interest in crypto is ...
