Leading investment management firm BlackRock has unveiled a Bitcoin private trust. The company said it aims to provide its clients with various investment options.
BlackRock’s Bitcoin Trust is currently available to institutional clients in the United States. The product tries to follow the price of BTC, the reduction in expenses and the liabilities of the trust.
BlackRock mentioned that despite the downturn in the crypto industry, the company is seeing strong interest from some institutions in opportunities to access crypto through BlackRock.
The asset manager said organizations focused on green energy solutions, such as RMI and Energy Web, are working on programs to enable greater transparency on the use of renewable energy in bitcoin mining and will monitor progress around those plans.
BlackRock added that it has been working on 4 areas of digital assets and related systems where they see potential benefits. These sectors are; allowed blockchains, stablecoins, cryptocurrencies and tokenization. Recently, BlackRock partnered with Coinbase to allow clients to manage their bitcoin exposures and investments.
Source link
