The mass adoption of digital assets continues, despite the market volatility. Take a look at the latest moves in the crypto space that support mainstream adoption.
Crypto adoption continues
It’s been just revealed that the world’s largest asset manager just launched a private trust that tracks the performance of Bitcoin (BTC) for wealthy clients.
In a statement, BlackRock made sure to point out the fact that the spot Bitcoin private trust will cater to institutional clients in the United States.
The financial titan rolls out the new product as it aims to expand its investment opportunity offerings.
BlackRock says that its clients in crypto are primarily interested in Bitcoin.
According to the reports coming from the online publication the Daily Hodl, the firm also commends organizations such as the Rocky Mountain Institute (RMI) and Energy Web (EWT) that help address the king coin’s energy sustainability issue.
“Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities.”
BlackRock in the news
MicroStrategy’s Michael Saylor has been featured in the headlines a lot in the crypto space. Check out the latest that he has to say about BlackRock’s Larry Fink.
Here’s Saylor’s recent tweet below.
Eventually, everyone sees the light.https://t.co/N7jhMKYtlG
— Michael Saylor⚡️ (@saylor) August 12, 2022
Politico.com notes that five years after calling Bitcoin an “index of money laundering,” BlackRock’s Larry Fink is getting laser eyes.
Other than this, the crypto market looks great, and the prices of coins are going upward following more episodes of corrections.
Stay tuned for more news and make sure to check out the prices as well.