The largest US cryptocurrency company Coinbase is exploring the possibility of launching a bitcoin-oriented exchange-traded fund with BlackRock.
In June, Coinbase launched an index fund for accredited investors from the United States, but now wants to expand the offer to retail investors. It is also possible that one bitcoin will not be limited to Coinbase and will make an investment basket linked to several crypts.
As part of this process, the Californian company intends to take advantage of the experience of members of the working group on the cryptocurrency market, which BlackRock – one of the world’s largest investment firms – formed last summer.
It is also reported that representatives of the BlackRock workgroup had not yet given Coinbase specific recommendations. In addition lackRock itself is not interested in launching bitcoin-ETF.