Five Reasons Why BlackRock’s Bitcoin Embrace is a Big Dealby@ras
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Five Reasons Why BlackRock’s Bitcoin Embrace is a Big Deal

August 16th 2022
3 min
by @ras 589 reads
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BlackRock has launched a spot bitcoin private trust to give its U.S.-based institutional clients direct exposure to the world’s largest digital asset. BlackRock's move shows institutional interest in Bitcoin is likely, says Frida Ghitis. She says institutional adoption is here, institutional adoption of the digital asset is here. Ghitis: The move shows how far bitcoin has matured as an asset class in the last five years. The SEC has repeatedly rejected Bitcoin futures applications from spot firms like Grayscale Investments or Fidelity Investments.

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