BlackRock Expected to Venture Into Bitcoin Market With $10 Million ETF Seed Funding

BlackRock, the worlds largest asset manager, is making its mark in the cryptocurrency industry by venturing into Bitcoin. Analysts anticipate the company will purchase $10 million worth of Bitcoin on January 3. Analysts Predict Significant Bitcoin Purchase by BlackRock Market research analyst James Seyffart, according to Cointelegraph, first revealed BlackRocks intentions to seed its Exchange-Traded Fund (ETF) with the purchased Bitcoin. While the document regarding the BTC purchase is not yet final or approved, Seyffart believes that the transaction aligns with their previous...


Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]