{"id":13528,"date":"2022-08-12T00:35:02","date_gmt":"2022-08-12T00:35:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/worlds-largest-asset-manager-blackrock-launches-bitcoin-private-trust-citing-substantial-interest-from-clients-featured-bitcoin-news\/"},"modified":"2022-08-12T00:35:02","modified_gmt":"2022-08-12T00:35:02","slug":"worlds-largest-asset-manager-blackrock-launches-bitcoin-private-trust-citing-substantial-interest-from-clients-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/worlds-largest-asset-manager-blackrock-launches-bitcoin-private-trust-citing-substantial-interest-from-clients-featured-bitcoin-news\/","title":{"rendered":"World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The world\u2019s largest asset manager, Blackrock, has launched a spot bitcoin private trust. \u201cDespite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,\u201d said Blackrock.<\/strong><\/p>\n

Blackrock Launches Bitcoin Trust<\/h2>\n

Blackrock, the world\u2019s largest asset manager, has launched \u201cBlackrock bitcoin private trust.\u201d According to a Thursday blog post, the spot bitcoin private trust, available to U.S. institutional clients, seeks to track the performance of BTC<\/a>, less expenses and liabilities of the trust.<\/p>\n

The asset management firm detailed:<\/p>\n

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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 using our technology and product capabilities.<\/p>\n<\/blockquote>\n

\u201cBitcoin is the oldest, largest, and most liquid cryptoasset, and is currently the primary subject of interest from our clients within the cryptoasset space,\u201d the asset manager added.<\/p>\n

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.<\/p>\n

Last week, Blackrock announced a partnership<\/a> with the Nasdaq-listed cryptocurrency exchange Coinbase. The collaboration will \u201cprovide common clients of Aladdin and Coinbase access to the digital assets trading lifecycle through connectivity between Coinbase and the Aladdin platform, starting with bitcoin,\u201d Blackrock described.<\/p>\n

In March, Blackrock CEO Larry Fink said<\/a> his company \u201cis studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.\u201d The executive indicated increased client interest for crypto compared to last year when he said in July that his firm saw \u201cvery little<\/a>\u201d demand for crypto assets.<\/p>\n

Meanwhile, Blackrock CIO Rick Rieder has made several bullish statements about bitcoin and crypto. He repeatedly said that the price of BTC<\/a> could go up significantly<\/a>. He also said in June that bitcoin and crypto are durable assets<\/a>. In April, Blackrock launched <\/a>a blockchain exchange-traded fund (ETF).<\/p>\n

What do you think about Blackrock launching a bitcoin private trust? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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