moneys going. In the interim, Fink says the company will consider whether the best performing coins are viable alternatives to fiat. BlackRock exploring crypto assets comes as no surprise and is definitely a positive development for the crypto market, said Chris Yoo, a portfolio manager at Black Square Capital Management LLC, a hedge fund focused on the crypto space. Ive not heard from one client who says, I need to be in this.
But right now, the world doesnt need a store of wealth unless you need that store of wealth for things you should not be doing. NEW york (Reuters) - BlackRock Inc (. It is likely that the next Fed-created recession will come sooner rather than later, Paul said. However, speaking to Bloomberg, Fink walked back those reports, saying : I dont believe any client has sought out crypto exposure. Featured Image from, /Yahoo Finance, the post, blackRock Wont Launch Bitcoin ETF Until Crypto Is Legitimate, Says CEO Larry Fink appeared first. However, according to Fink, the company has no plans to even create an infrastructure to engage in cryptocurrency trading, whether actual buying/selling of coins or Bitcoin futures. Despite the naysaying of crypto skeptics, Gurbacs is confident in the industrys long-term outlook. Some asset managers have been quicker to endorse the potential role of digital currencies. For instance, Fidelity Investments, a top BlackRock competitor in the fund management space, has extensively experimented with the technology. Earlier today, the news broke that BlackRock Inc., the worlds largest ETF provider was looking to get into the cryptocurrency market.