Why the World's Largest Asset Manager Is Getting Into Bitcoin
As BlackRock gets ready to make its first foray into bitcoin, innovation-focused ARK ETF flows surpass that of BlackRock.
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As BlackRock gets ready to make its first foray into bitcoin, innovation-focused ARK ETF flows surpass that of BlackRock.
This episode is sponsored by Nexo.io.
Today on the Brief:
- A new SPAC exchange-traded fund with bitcoin-experienced leadership
- First look at Brian Brooks’ possible replacement at OCC
- What to expect from institutional bitcoin price targets in the coming weeks
Our main discussion: BlackRock comes to bitcoin.
BlackRock filings with the SEC suggest two funds might buy bitcoin futures. In this episode, NLW looks at:
- The signs leading up to BlackRock’s interest
- Why the firm's CIO thinks bitcoin will out-compete gold for millennial investors
- How ARK ETFs are seeing startling fund flows, causing larger market FOMO around innovation
Image credit: Stephanie Keith/Getty Images News
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