Share this article
BlackRock, Fresh off Coinbase Tie-Up, Offers Direct Bitcoin Exposure
The institutional-investor-focused spot bitcoin private trust will track the price of the cryptocurrency.
By Brandy Betz
Updated May 11, 2023, 4:22 p.m. Published Aug 11, 2022, 1:33 p.m.
One week after announcing a partnership with crypto exchange Coinbase (COIN), BlackRock (BLK), the world’s largest asset manager, has launched a spot bitcoin private trust for U.S.-based institutional investors
- The trust, BlackRock’s first to offer direct exposure to bitcoin, seeks to track the performance of the largest cryptocurrency by market value.
- “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets using our technology and product capabilities,” the BlackRock team said in a website post.
- BlackRock said the firm has conducted work in four areas of digital assets and their ecosystems that could benefit the firm’s clients and broader capital markets: permissioned blockchains, stablecoins, crypto assets and tokenization.
- In March, CEO Larry Fink said the firm was exploring ways to offer digital assets to its clients, confirming that institutional investors remained interested in the crypto industry even as the bear market emerged.
- Last week, BlackRock and Coinbase announced that mutual institutional customers would have access to digital assets through BlackRock’s Aladdin portfolio management software, starting with bitcoin.
Read more: How Are Institutions and Companies Investing in Crypto?
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
