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Coinbase and BlackRock work on their own Bitcoin ETF

BlackRock is one of the pioneers in the ETF market and a heavyweight in global finance. The company manages more than $ 6 trillion worth of assets. Since the development of the crypto market did not leave BlackRock without a trace, the company also has its own blockchain department.

As Business Insider reports, Coinbase is working on its own crypto ETF and wants to get support from BlackRock.

As it is now known, Coinbase came to BlackRock and wants to use the expertise to get help for a new crypto ETF. In addition to Bitcoin, the financial product should also be tied to the price of other crypto currencies.

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