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...

source: https://tokenpost.com/BlackRock-Expected-to-Venture-Into-Bitcoin-Market-With-10-Million-ETF-Seed-Funding-11015

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