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840 How BlackRock Is Winning in Crypto

The Information
Yueqi Yang @ The Information · 05/02/2024 08:59 EDT

A dramatic recovery in bitcoin prices over the past year and a half has powered a comeback for crypto firms like Coinbase. But it’s also benefited one of the most influential companies in traditional finance: BlackRock, the world’s biggest asset manager.

BlackRock launched a long-awaited bitcoin exchange-traded fund in January, allowing investors to trade bitcoin as easily as a stock through a regular brokerage account. The fund smashed records for new ETF launches and now has around $16.5 billion under ma

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