Bitcoin

Squawk

<html>
 <head></head>
 <body>
  <p>Asset manager BlackRock recently filed a Bitcoin ETF application with the SEC. The procedure has had such a positive impact that many analysts see the bitcoin (BTC) market exploding. In the meantime, the procedure initiated by BlackRock seems to have a more important, short-term objective.</p> 
  <h2 id="h-is-democratizing-cryptos-the-reason-for-blackrock-s-bitcoin-etf-application">Is democratizing cryptos the reason for BlackRock’s Bitcoin ETF application?</h2> 
  <p>BlackRock’s recent foray into the crypto market had one objective. That of providing institutional investors with exposure to bitcoin (BTC). In a recent interview, however, the company’s CEO Larry Fink acknowledged a <a href="https://www.cnbc.com/2023/07/14/blackrock-has-a-responsibility-to-democratize-investing-including-in-crypto-larry-fink-says.html" target="_blank" rel="noopener noreferrer nofollow">deeper ambition</a>. That of broadening the accessibility of investments, including those in cryptos, to a wider public.</p> 
  <div class="my-4"> 
   <div class="ads "> 
   </div> 
  </div> 
  <p>The boss explains that BlackRock’s objective is to democratize investment, including crypto investments. In other words, the company ultimately wants to make crypto investing accessible to everyone, regardless of their status. A goal, the attainment of which would be a matter of responsibility for the company.</p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
   <div class="wp-block-embed__wrapper"> 
    <div class="entry-content-asset"> 
     <div class="social-embed-container"> 
      <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
       <p lang="en" dir="ltr">BlackRock has a ‘responsibility to democratize investing,’ including in crypto, Larry Fink says <a href="https://twitter.com/hashtag/EconomyNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#EconomyNews</a> <a href="https://twitter.com/hashtag/CNBC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CNBC</a> <a href="https://twitter.com/hashtag/CNBCEconomy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CNBCEconomy</a> <a href="https://twitter.com/hashtag/CNBCNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CNBCNews</a> [Video]The BlackRock CEO discussed the role of ETFs for cryptocurrencies on CNBC's "Squawk on the …<a href="https://t.co/S53U3HHJ37" rel="noopener noreferrer nofollow">https://t.co/S53U3HHJ37</a></p>— Lisa MacKay (@MacKayUSA) <a href="https://twitter.com/MacKayUSA/status/1679993521929846798?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 14, 2023</a> 
      </blockquote> 
      <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
     </div> 
    </div> 
   </div> 
  </figure> 
  <p><em>“We believe it is our responsibility to democratize investing. We’ve done a great job, and the role of ETFs in the world is transforming investing. And we’re just at the beginning,”</em> said Larry Fink on Squawk on the Street.</p> 
  <p>The boss’s opinion brings a fresh perspective to the Bitcoin ETF application filed by the company he heads. Above all, it reinforces his change of stance on an asset he has long criticized. An asset offering so many prospects for traditional finance that BlackRock can no longer afford to ignore its potential.</p> 
  <p>During the interview, Larry Fink showed himself convinced of the alternatives offered by cryptos in terms of portfolio diversification. For many analysts, the involvement of a financial behemoth like BlackRock in the crypto market is certainly a positive sign.</p> 
  <p>For the time being, it’s not certain whether the company will get the green light from the SEC to manage an ETF on bitcoin. But it’s clear that the company’s infatuation with crypto activities is a positive signal that could change the dynamics of the sector.</p>
 </body>
</html>

BlackRock aims to make crypto investments more accessible

Daftar Isi

Cointribune EN

Artikel lain yang dipublikasikan pada 17 Jul 2023

Ethereum Predicted to Reach $68,000 in 2024, Says Top Notch Analyst

Bitcoin Consolidates at $30k, Analysts Predict Bullish and Bearish Scenarios For BTC Price

SEC Accepts BlackRock’s Application for Spot Bitcoin ETF

China to Train 10,000 Engineers on Blockchain, AI, and Big Data

Binance Releases Important News

Binance completes integration of Bitcoin (BTC) on Lightning Network

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!