Blockchain News
Coinbase-Blackrock Partnership
Bitcoin ($BTC) pumped on a few positive pieces of news that saved the crypto market from crashing further as crypto market sentiment improves. Blackrock, one of the largest asset managers in the world, is giving its American institutional investors direct Bitcoin exposure with the launch of a spot Bitcoin private trust.
The world is still waiting for the U.S. Securities and Exchange Commission (SEC) to allow spot Exchange Traded Fund (ETF) for retail investors. If Blackrock is allowed to offer direct exposure to Bitcoin for institutional investors, this move legitimizes crypto as an investable asset class.
So let me get this straight...
BlackRock is allowed to offer its clients spot #Bitcoin exposure through a private fund.
But the SEC won't approve a spot ETF for retail.
I suppose retail investors are too clumsy to make adult decisions? Not like those uber smart rich folks.
— Coin Bureau (guy.eth) (@coinbureau) August 12, 2022
The U.S....
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