BlackRock’s Insatiable Appetite for Bitcoin: Kraken Requested

BlackRock fan of BTC? – This year 2022, the asset manager giant BlackRock has moved into the world of “forceful incursion” into the world of cryptocurrencies, by offering its own Bitcoin (BTC) fund to his wealthy clients. This time, the fund with 10 trillion dollars in assets seeks help from the crypto exchange kraken to develop its Bitcoin offer!

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BlackRock is forging more and more links with crypto players

We don’t stop BlackRock in its big dive into the cryptosphere. After agreements with Circle (issuer of the stablecoin USDC), then with Coinbase servicesthis is one of the products of the platform group kraken which attracts the attention of the giant.

As reported in particular by The Block, BlackRock is indeed very interested in the index CF Benchmarksowned by the same company as the Kraken crypto exchange – to know, the group Payward.

The CF Benchmarks index serves as reference rate for the price Bitcoin for futures contracts CME (Chicago Mercantile Exchange). He’s the CEO of CF Benchmarks, Sui Chungwho announced the good news The private trust of BlackRock, which allows its wealthy clients to expose themselves to Bitcoin, will rely therefore on the CF Benchmarks price index, according to the statements of its CEO.

“The understanding of digital assets themselves is much greater than before. For example, the people we talk to now understand the difference between Bitcoin and Ethereum. (…) [BlackRock] wouldn’t launch such a product if there wasn’t demand. (…)”

Sui Chung, CEO of CF Benchmarks

Even if the intentions of this giant fund, with sprawling global branches, are of course still to be assessed, BlackRock seems to want fit in to the cryptosphere (to better assimilate it later?). It must be said that its director of investments, Rick Riederconsider that Bitcoin and cryptos are “sustainable assets”.

When the largest investment fund in the world focuses on Bitcoin, it is not useless to be interested in it too! To not miss the opportunity of a lifetime, register without delay on the FTX reference crypto exchange platform. In addition, you benefit from a lifetime reduction on your trading fees (commercial link, see conditions on official website).

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