BlackRock to expand business with Bitcoin

English Mar 5, 2021

In an interview with Squawk Box, Rick Rieder, a BlackRock executive, said the company "started to get involved" with Bitcoin.

The statement reaffirms that BlackRock, the world's largest asset manager, is on track to expand its exposure in cryptocurrencies. And while it's still a long way to offer something like a Bitcoin fund, there have been signs of adoption in recent months.

In December, the company announced an open position for a “Vice President, Blockchain Lead,” suggesting new interest in cryptocurrencies.

And in SEC filings last month, BlackRock suggested it could include Bitcoin futures in some of its funds.

Rick's statement is not surprising, in November on the same program he stated that: "I think cryptocurrency is here to stay". "The digital currency and the receptivity - particularly the receptivity of the millennial generation - of technology and cryptocurrency are real."


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.