BlackRock Investments Exec: I Don't See the Point of a Bitcoin ETF

BlackRock Investments Exec: I Don’t See the Point of a Bitcoin ETF

An executive for the world’s largest asset manager said this week that he doesn’t see the case for a bitcoin exchange-traded fund (ETF). Speaking with Bloomberg on October 3, Mark Wiedman, who serves as Global Head of iShares and Index Investments for BlackRock, was asked about his views on the prospects of a cryptocurrency-tied ETF. A number of firms have attempted to launch such a product, but to date the SEC has been largely dismissive of the concept, issuing notable rejections in the public and, in other cases, prompting some bitcoin ETF backers to withdraw their efforts. Wiedman said […]