Topic: Coinbase Taps $6 Trillion Asset Manager BlackRock (Read 202 times)
This might actually bring the positive decision from SEC about Bitcoin ETF's even closer. It shows that there is a big demand for ETF's in the whole crypto community.
it is like a fever! the ETF fever!
everyone's got it and they can't seem to be able to shake it. which makes me wonder how much money is in "creating" an ETF? there must be quite a lot since shitloads of people are trying to do it. and the funny part is that SEC keeps rejecting all of them, even the ones that seemed most promising.
everyone's got it and they can't seem to be able to shake it. which makes me wonder how much money is in "creating" an ETF? there must be quite a lot since shitloads of people are trying to do it. and the funny part is that SEC keeps rejecting all of them, even the ones that seemed most promising.
Well if Coinbase is pushing it, even getting a firm that's rather anti-crypto involved, I assume they'll be sparing no expense because they have a lot to gain. It's a win-win situation for them considering how an ETF approval could directly increase the demand for custodial services, which they offer. Additionally, it would also cement their reputation amongst institutional investors. I feel like I know how this will end, but it's still going to be interesting watching the whole thing unfold.
Good news and later will have a good impact on bitcoin and this will be a strong community.
Crypto can be more useful with Blackrock here.
Crypto can be more useful with Blackrock here.
it is like a fever! the ETF fever!
everyone's got it and they can't seem to be able to shake it. which makes me wonder how much money is in "creating" an ETF? there must be quite a lot since shitloads of people are trying to do it. and the funny part is that SEC keeps rejecting all of them, even the ones that seemed most promising.
everyone's got it and they can't seem to be able to shake it. which makes me wonder how much money is in "creating" an ETF? there must be quite a lot since shitloads of people are trying to do it. and the funny part is that SEC keeps rejecting all of them, even the ones that seemed most promising.
Here's a better link: https://www.cryptoglobe.com/latest/2018/09/coinbase-taps-6-trillion-asset-manager-blackrock-for-expertise-to-launch-a-crypto-etf/
Wow, people really want this to happen. It makes sense for Coinbase to want an ETF to go through though, considering their new custodian services for institutional investors.
I'm sure people will be optimistic just because Coinbase and BlackRock are behind it, but if the SEC can be consistent with their "the market is too easily manipulated by unkown actors" ruling, this goes right in the trash too.
Wow, people really want this to happen. It makes sense for Coinbase to want an ETF to go through though, considering their new custodian services for institutional investors.
I'm sure people will be optimistic just because Coinbase and BlackRock are behind it, but if the SEC can be consistent with their "the market is too easily manipulated by unkown actors" ruling, this goes right in the trash too.
That's great good news for all of us, they are joining the many others in case SEC approved Bitcoin so they are positioning themselves in the market, things are going to be huge when SEC finally approve Bitcoin, so everything lies on SEC approval and our hope to turn the bear trend to a long bull run.
Being the world's largest so-called 'shadow bank,' they might have the expertise and necessary tools to aid Coinbase in creating the right mix for an ETF, but knowing how the SEC turned down and delayed some of the most promising ETFs presented at one time, I think it will be no different in here, though this still looks more probable than any others who have their fate decided already. Asking a giant to aid you in what seems to be a hard quest seems to be assuring, but then again, it's the SEC who they're against.
San Francisco-based cryptocurrency exchange Coinbase is reportedly looking to launch a cryptocurrency exchange-traded fund (ETF), and sought the help of $6 trillion asset manager BlackRock to do it properly.
https://cryptopanic.com/news/3022888/Coinbase-Taps-6-Trillion-Asset-Manager-BlackRock-for-Expertise-to-Launch-a-Crypto-ETF
OMG if Blackrock is entering the crypto game that will not go unnoticed. That will really be huge. In fact, Blackrock as far as I know is one of the biggest assett managers in the world.
San Francisco-based cryptocurrency exchange Coinbase is reportedly looking to launch a cryptocurrency exchange-traded fund (ETF), and sought the help of $6 trillion asset manager BlackRock to do it properly.
https://cryptopanic.com/news/3022888/Coinbase-Taps-6-Trillion-Asset-Manager-BlackRock-for-Expertise-to-Launch-a-Crypto-ETF
Coinbase is not the best exchange in my opinion, plus they are not available on many locations around the world. But one thing is for sure, Brian knows how to make money with coinbase. Heck with the many users as they have now plus ETF this is all positive news. Although I am not a believer but practitioner , when I see that ETF is done by their side I can do nothing more but to congratulate them. But we've seen in the past that ETF is tuff topic on its own.
San Francisco-based cryptocurrency exchange Coinbase is reportedly looking to launch a cryptocurrency exchange-traded fund (ETF), and sought the help of $6 trillion asset manager BlackRock to do it properly.
https://cryptopanic.com/news/3022888/Coinbase-Taps-6-Trillion-Asset-Manager-BlackRock-for-Expertise-to-Launch-a-Crypto-ETF
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