2018-7-16 19:26 |
Global investment management company BlackRock is reportedly mulling a move into bitcoin.
Citing sources close to the matter, the article says that the working group is comprised of different divisions from within BlackRock, and may be looking at the possibility of a bitcoin ETF.
Soon after the news broke, bitcoin’s price rose sharply from $6,360 to $6,646 in just two hours – a gain of over $280.
While BlackRock only acknowledged a general investigation into blockchain when asked by Financial News, the possible move into bitcoin futures would not come entirely as a surprise.
According to online sources, BlackRock is the world’s largest asset manager, having $6.3 trillion in assets under management, according to figures from December 2017.
Similar to Notcoin - Blum - Airdrops In 2024