Trust for assessing the dynamics of the Bitcoin price

The largest asset management company BlackRock has launched a trust focused on institutional investors from the United States that tracks the price dynamics of the first cryptocurrency.

“Despite the downturn in the cryptocurrency market, we continue to see significant interest in how to access these assets efficiently and at minimal cost using our technologies,” the press release said.

The company said it sees the potential for broader capital market use of stablecoins, cryptocurrencies, as well as private blockchains and tokenization opportunities.
⠀
BlackRock manages $9.5 trillion in assets.

In August 2022, Coinbase agreed to work with BlackRock. The latter’s clients will have direct access to trading digital assets through the Aladdin portfolio management system.