EconomyThe world's largest asset manager now offers Bitcoin investments...

The world's largest asset manager now offers Bitcoin investments ONLY to its institutional clients

BlackRock is offering its first investment product directly in bitcoin, marking a significant shift to crypto markets by the world’s largest asset manager.

The new bitcoin private trust seeks to track the price of the largest cryptocurrency and responds to demand from large institutional clients seeking exposure to the asset even after its price plummeted this year, New York-based BlackRock said in a statement. a statement issued on Thursday.

“Despite the sharp 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,” the company said.

The announcement of the new bitcoin trust is the second big move into digital assets in the last week by BlackRock, which manages $8.5 trillion, and shows how Wall Street’s biggest players are deepening their involvement in an industry that just a few years ago it was criticized for being susceptible to fraud.

BlackRock last week unveiled a high-profile partnership with crypto exchange Coinbase Global to allow institutional traders the ability to monitor their bitcoin investments alongside other portfolio assets such as stocks and bonds.

For BlackRock CEO Larry Fink, confidence in bitcoin also reflects a change from four years ago, when he said he had not heard from any clients seeking exposure to cryptocurrencies. In March of this year, Fink said that the company was looking into the growing importance of digital assets and stablecoins and how they could be used to help customers. And the following month, the company joined a group of investors in Circle Internet Financial, the issuer of USD coin, and said it would seek to serve as the lead manager of the stablecoin’s cash reserves.

Take it: 1 out of 10 Mexicans has cryptocurrencies, and 20% of them are...

Mexico ranks 15th out of 26 countries in digital currency adoption, according to Finder's Cryptocurrency Adoption report.

Google will accept cryptocurrencies to charge for its cloud services

The company said it will rely on Coinbase to carry out the transactions starting early next year, although the move will be gradual.

Bitso wants you to pay your payroll… with bitcoin or ethereum!

The cryptocurrency exchange platform forms an alliance with Via, a company that distributes payroll globally, so that Mexicans receive their payments in bitcoin or ethereum.

Cyber attack on Binance adds up to a value of 570 mdd

The world's largest cryptocurrency platform suffered a cyberattack on Thursday afternoon; the firm detailed that they stole tokens from a blockchain "bridge" used on the BNB chain,

Wall Street indexes rise 3% on optimism about monetary policy

The specialists indicated that in general this is a welcome and reasonable rebound in the stocks, since the markets have been under pressure in recent weeks.