Tag: BlackRock
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BlackRock Executive: Bitcoin Primarily Functions as Capital Preservation Asset, Not Global Payment System
Robert Mitchnick , head of digital assets at **BlackRock **, has articulated an important reassessment of Bitcoin’s role and utility, positioning the flagship altcoin primarily as a capital-preservation tool and store of value rather than a functional global payment network. Mitchnick’s analysis, informed by BlackRock’s position managing over $10 trillion in assets, provides institutional perspective on Bitcoin’s evolution and…
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BlackRock Launches Bitcoin ETP on London Stock Exchange Following Regulatory Breakthrough
Global asset management giant BlackRock has made a historic move by listing a Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange, capitalizing on the Financial Conduct Authority’s (FCA) decision to ease its controversial four-year ban on altcoin investment products. This landmark development opens the door for millions of UK investors to gain regulated access to Bitcoin through traditional financial channels for the…