BlackRock Being Highly Bullish On Bitcoin
— Cryptocurrency, Highly, Blackrock, Tracks, Ramji, Bullish, Secondlargest, Statement, Pushing, Update, Usd, Bitcoin — 1 min read
Salim Ramji has given his statement after pushing the new update in Blackrock. The company has finally launched an ETF that tracks a basket of 41 blockchain-related companies. Blackrock entered into a partnership with USD Coin issuer Circle, which includes capital-market applications for the second-largest stablecoin. Among the products holdings, the biggest share has been taken by Coinbase, which is the largest crypto exchange in the United States. Ramji said they have no further intentions of launching a Bitcoin product. This is due to regulatory compliances and security measures which the corporations represents. The world’s largest asset manager has boasted around 10 trillion dollar worth of assets in Bitcoin futures last year. Source