Cryptocurrency Q&A
Does Blackrock invest in Bitcoin through EZBC?
Does Blackrock invest in Bitcoin through EZBC?
Lucia
Tue Oct 01 2024
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7 answers
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Excuse me, could you please clarify if Blackrock, the renowned investment management firm, has any involvement in Bitcoin investments specifically through EZBC, a potentially related entity? I'm curious to know if they've ventured into the cryptocurrency space through this particular channel or if there are any official statements or reports indicating such a partnership or investment strategy. It would be greatly appreciated if you could shed some light on this matter.
7 answers
CherryBlossomDancing
Thu Oct 03 2024
In line with this growth strategy, BlackRock has recently welcomed four additional Wall Street firms into its fold as authorized participants (APs) for its spot Bitcoin ETF. This move underscores the company's ambition to further democratize access to Bitcoin investments for a broader investor base.
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Nicola
Thu Oct 03 2024
BlackRock, a prominent financial institution, has opted not to allocate funds towards Bitcoin investments through EZBC, a recently established product. This decision underscores the company's cautious approach towards embracing cryptocurrency investments directly through EZBC.
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Margherita
Thu Oct 03 2024
EZBC, which debuted on January 11th, 2024, is an offering issued by Franklin Templeton, a renowned asset management firm. Despite EZBC's launch, BlackRock has chosen to maintain a strategic distance from direct exposure to the product.
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Stefano
Thu Oct 03 2024
Notably, BlackRock has been actively expanding its presence in the Bitcoin market, albeit through different avenues. The company has significantly bolstered its Bitcoin portfolio, surpassing $18 billion in holdings, signaling a strong commitment to the digital asset class.
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lucas_emma_entrepreneur
Wed Oct 02 2024
These new APs will play a pivotal role in facilitating the trading of BlackRock's spot Bitcoin ETF, ensuring seamless and efficient transactions for interested investors. The expansion of the AP network highlights BlackRock's commitment to fostering a robust and liquid market for its Bitcoin-focused products.
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