BlackRock launches bitcoin focused fund for large investors

Last Updated: 12 August 2022

BlackRock is launching a fund focused on bitcoin (BTC). The asset manager offers this product to US institutional clients, who can get direct exposure to the price of BTC.

This is BlackRock’s first product directly related to bitcoin. With assets under management of around $10,000 billion (!), BlackRock is one of the biggest players in the market. However, it is not expected that billions will suddenly flow into bitcoin. However, that option is now available to BlackRock clients.

“Despite the sharp declines in the digital asset market, we are still seeing significant interest from some institutional clients,” BlackRock writes on its website. So it seems to be a simple matter of supply and demand.


Last week, it was announced that Coinbase is BlackRock’s partner for these steps. Institutional investors can get started via Coinbase Prime. This service is offered in a digital environment called Aladdin. Again, the latter was developed by BlackRock.

For now, the only service is around bitcoin. It is a new highway of exposure to the industry. Interested customers with contracts with both Aladdin and Coinbase can ask for access to the services.

Coinbase Prime is Coinbase’s response to institutional interest. The average investor in that market is not concerned with storing bitcoin themselves. They simply want exposure in this new emerging world.

  • Gabriele Spapperi

    Gabriele Spapperi is a veteran cryptocurrency investor and blockchain technology specialist. He became fascinated with Bitcoin and distributed ledgers while studying computer science at MIT in 2011.

    Since 2013, Gabriele has actively traded major cryptocurrencies and identified early-stage projects to invest in. He contributes articles to leading fintech publications sharing his insights on blockchain technology, crypto markets, and trading strategies.

    With over a decade of experience in the crypto space, Gabriele provides reliable insights and analysis on the latest developments in digital assets and blockchain platforms. When he's not analyzing crypto markets, Gabriele enjoys travel, golf, and fine wine. He currently resides in Austin, Texas.

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