BlackRock Creates a Private Trust to Give Clients Exposure to Spot Bitcoin
Posted on 08/12/2022
BlackRock Inc., the world’s largest asset manager, formed a private trust offering institutional clients in the U.S. direct exposure to bitcoin. The trust seeks to track the performance of bitcoin, less the trust’s expenses and liabilities. Bitcoin has lost about half its value in 2022. “Despite the steep downturn in the digital asset market, we…
