Blackrock launches its blockchain ETF and warns: this is just the beginning for Bitcoin

BlackRock potentials

However, BlackRock CEO Larry Fink discussed the potential of expanding into the cryptocurrency sector in April 2022. He had seen a lack of client interest in digital assets nine months prior. The media reported in February that BlackRock will incorporate cryptocurrency trading into its Aladdin portfolio management system. It has also been stated that the firm plans to incorporate a financing facility secured by digital assets.

A step-by-step introduction to the blockchain world

According to Aguirre, BlackRock’s chief product officer for iShares, ETFs, which comprise assets like crypto exchanges, crypto miners, and key tech schools, can be a progressive entry point into the blockchain system. Over the last two years, the whole blockchain ecosystem has evolved, and a variety of economic and social variables have contributed to this expansion.

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BIT4YOU.io

BIT4YOU.io

bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.