Why the World’s Largest Asset Manager Is Getting Into Bitcoin

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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

See also: BlackRock Gives 2 Funds Go-Ahead to Invest in Bitcoin Futures

Image credit: Stephanie Keith/Getty Images News



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