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Cryptoknowmics 2022-08-12 07:24:47

BlackRock Launches Private Trust to Give Clients Exposure to Spot Bitcoin

A private trust that BlackRock has formed gives institutional clients in the US direct exposure to Bitcoin. The new product was unveiled by the most effective asset management in the world on Thursday, albeit it provided few specifics. The company said, “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.” BlackRock Praised RMI and EnergyWeb Following CEO Larry Fink’s statement earlier this year that BlackRock clients have been expressing “growing interest” in digital currencies, including stablecoins and “the underlying technology” often known as the blockchain, the company has finally made the announcement. On Thursday, BlackRock also praised RMI and EnergyWeb, two energy organizations, for their efforts “to increase transparency to sustainable energy usage in bitcoin mining,” The company “will watch developments surrounding such initiatives.” Institutional investors initially against cryptocurrencies have altered their minds recently, but environmental issues related to bitcoin mining have remained a barrier for many. BlackRock’s Venture Into Cryptocurrency According to the post, BlackRock has been investigating topics including permissioned blockchains, stablecoins, crypto assets, and tokenization that have the ” potential to benefit our c...

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BlackRock Launches Private Trust to Give Clients Exposure to Spot Bitcoin

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