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 a Bitcoin (BTC) step has come from the giant US-based investment management company BlackRock.
The company, which is the largest in the world in its field, decided to partner with the cryptocurrency exchange Coinbase on August 4 to enable institutional investors to invest in cryptocurrencies. It was stated that this partnership will only cover the leading cryptocurrency Bitcoin in the first place. BlackRock has subsequently launched a private fund to allow its institutional clients in the US to invest in spot BTC.
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. He also added that the company received a lot of requests from its customers for access to these technologies, despite the decline in the stock market.
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 issue of sustainability in BTC mining, while they are also investigating issues that will benefit their customers such as blockchain, stablecoin, crypto assets.
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 is trading at $ 24,490 at the time of writing this news.
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