BlackRock is closing in on the crown of running the world’s largest bitcoin fund as the asset manager’s initial scepticism over cryptocurrencies gives way to ambitions to become a significant player in the digital asset market. The US group’s spot bitcoin exchange traded fund has garnered $16.7bn of assets since it launched four months ago, putting it less than $1bn behind market leader Grayscale, which enjoyed a 10-year and $28bn head start.
BlackRock’s global head of strategic ecosystem partnerships, Joseph Chalom, now sits on the Securitize board. Two years ago BlackRock took a minority investment in Circle, which runs the world’s second-largest stablecoin, USDC. A stablecoin is a type of digital currency pegged to a sovereign currency, such as the US dollar.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FT - 🏆 113. / 51 Read more »