Black Rock wants to offer its customers to directly influence the price of bitcoin

Investment company BlackRock is launching a private trust that offers US institutional clients access to spot bitcoin. At this stage, it will be available to US institutional clients and will be the first BlackRock product to offer direct exposure to the price of bitcoin.

According to BlackRock, the trust will track the performance of bitcoin, thereby providing direct exposure to the price of the digital currency. «Despite the sharp downturn in the cryptocurrency market, we are still seeing significant interest from our clients in how to access assets efficiently and cost-effectively using our technology. Bitcoin is the oldest, largest and most liquid crypto asset. It is currently the main subject of interest for our clients in the crypto asset space,» BlackRock said in a statement.

On August 4, BlackRock Coinbase/">announced an agreement with the Coinbase crypto exchange to offer institutional investors the opportunity to manage their own digital assets. BlackRock, which manages about $ 9 trillion in client funds, will use the Coinbase Prime platform for its services.