Why This Former Barclays CEO Loves To See More 'Mainstream' Firms Like BlackRock Toying With Crypto
Portfolio Pulse from Mehab Qureshi
Former Barclays CEO Bob Diamond expressed his support for mainstream firms like BlackRock getting involved in the cryptocurrency market. BlackRock recently filed for a spot Bitcoin ETF, which, if approved, would make it the first company in the US to offer such an investment. Diamond called for stronger cooperation between the crypto industry and regulators.
June 22, 2023 | 6:09 am
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BlackRock filed for a spot Bitcoin ETF, potentially becoming the first US company to offer such an investment. This move could attract more investors and boost the company's reputation in the crypto market.
BlackRock's filing for a spot Bitcoin ETF shows the company's interest in expanding its product offerings in the cryptocurrency market. If approved, this move could attract more investors and boost the company's reputation in the crypto market, leading to a positive short-term impact on its stock price.
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