Crypto markets are currently on a roll with Bitcoin spiking over 4% in a couple of hours. This may well be tied in to the news that multi-trillion dollar asset manager, BlackRock, is taking an interest in Bitcoin and the crypto industry.
According to a report by Financial News London, citing those familiar with the situation, BlackRock is assembling a team to investigate the crypto industry. The $6.2 trillion investment giant is studying the feasibility of involvement in Bitcoin futures. As the world’s largest exchange traded fund (ETF) provider this news appears to have had an immediate impact on the markets.