Coinbase is exploring a crypto ETF, and it has sought help from $6 trillion Wall Street giant BlackRock

Business Insider reporter Frank Chapparo is reporting that:

> * Coinbase is looking to create an exchange-traded product tied to crypto, according to people familiar with the matter, as a way to allow retail investors to gain access to the volatile market.
> * The firm in recent weeks has held conversations with members of BlackRock’s blockchain working group to tap into the firm’s expertise at launching exchange-traded products.
> * Coinbase announced in March an index fund of cryptocurrencies aimed at accredited investors. An ETF, however, is geared towards more mainstream investors.
> * If Coinbase were to develop a crypto ETF, it would join a number of other firms also looking to launch their own, including rival Gemini, Bitwise Asset Management, and VanEck.

Article URL: https://www.businessinsider.com/coinbase-is-exploring-a-bitcoin-etf-2018-9

Archived URL in case of paywall: https://web.archive.org/save/https://www.businessinsider.com/coinbase-is-exploring-a-bitcoin-etf-2018-9?r=US&IR=T

Thoughts?



View Reddit by dnivi3View Source

Related Posts

8 Comments

  1. CoKBrian
    September 6, 2018
  2. TheTruthHasNoBias
    September 6, 2018
  3. Cryptobarim
    September 6, 2018
  4. aesthetik_
    September 6, 2018
  5. SpontaneousDream
    September 6, 2018
  6. Johnroberts95000
    September 6, 2018
  7. aaron0791
    September 6, 2018
  8. jaumenuez
    September 6, 2018

Add Comment