World’s largest ETF provider BlackRock is into crypto soon

4 Months ago / News / Business and Finance

BlackRock eyeing Blockchain technology and Cryptocurrency inspite of CEO’s previous opinion

 

BlackRock is the largest exchange-traded fund (ETF) in the world with astonishing $6.3 trlllion in assets under management as of 2017.

 

Although its CEO said that Bitcoin is “an instrument people use for money laundering.” 

 

BlackRock announced the formation of a working team to assess and investigate potential involvement in Bitcoin (BTC), other cryptocurrencies and their underlying infrastructure as well as blockchain technology.