The move will ensure crypto trading access for its institutional clients in the US
The world’s largest asset manager BlackRock announced the launch of its new private spot Bitcoin trust, which would only be available to institutional investors in the US. The trust will track the performance of Bitcoin and cater to the clients who see BlackRock’s product capabilities and technology as an efficient and cost-effective way to access crypto assets.
BlackRock’s announcement said it was encouraged that organizations such as RMI and Energy Web were developing programs to bring greater transparency to sustainable energy usage in bitcoin mining.