Share this article
Report: World's Biggest Asset Manager BlackRock Exploring Bitcoin
Global investment management company BlackRock may be mulling a move into bitcoin futures, according to a report.
Updated Sep 14, 2021, 1:48 p.m. Published Jul 16, 2018, 1:00 p.m.
Global investment management company BlackRock is reportedly mulling a move into bitcoin.
According to a Financial News London report on Monday, the New York-based asset manager has now set up a working group to look into ways it can "take advantage" of cryptocurrencies and blockchain technology, as well as to monitor what rivals are doing in the space.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Citing sources close to the matter, the article says that the working group is comprised of different divisions from within BlackRock, and may be looking at the possibility of a bitcoin ETF.
Soon after the news broke, bitcoin's price rose sharply from $6,360 to $6,646 in just two hours – a gain of over $280.
The company's CEO Larry Fink confirmed to Reuters that BlackRock does indeed have a working group and that bitcoin is part of its scope for study. However, while he said, "We are a big student of blockchain," Fink added that he doesn't see "huge demand for cryptocurrencies."
Fink has made mixed comments about the cryptocurrency in the past, saying in October 2017 that he was a "big believer" in bitcoin, though he also also cautioned that it is "an index for money laundering."
Since then, in February, the firm has said it envisions a wider role for cryptocurrencies in the future, and that blockchain has promise despite some obstacles.
As reported by CoinDesk, global chief investment strategist Richard Turnill said at the time in a company report:
"We see cryptocurrencies potentially becoming more widely used in the future as the market matures. Yet for now we believe they should only be considered by those who can stomach potentially complete losses. Similarly, blockchain needs to overcome significant hurdles to reach its promising future."
According to online sources, BlackRock is the world's largest asset manager, having $6.3 trillion in assets under management, going by figures from December 2017.
Edit (13:20 UTC, July 16 2018): This article was updated to include detail from Reuters.
BlackRock building image via Shutterstock
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
Bitcoin Holds Near $92K as Selling Cools, but Demand Still Lags
ETF inflows have finally turned positive, but weak on-chain activity, defensive derivatives positioning, and negative spot CVD show a market stabilizing without the conviction needed for a sustained move higher.
What to know:
- Bitcoin markets in Asia are stabilizing but remain structurally weak, with short-term holders dominating supply.
- U.S. ETF flows have shown signs of stabilization, but on-chain activity remains near cycle lows, indicating weak capital inflows.
- Bitcoin and Ether have seen price recoveries driven by spot demand and improved sentiment, while gold is supported by U.S. labor data and Fed rate cut expectations.
Top Stories
