BlackRock Sees No Institutional Interest in Cryptocurrencies
Main page News, US Market, Crypto Market, Institutional Investors, Cryptocurrency
Hot topic
July 14, 2021

BlackRock CEO, Larry Fink, told CNBC in an interview that the world's largest asset manager does not see any interest in cryptocurrencies from its institutional clients. Fink added that the firm's clients are more worried on issues around climate change and inflation than cryptocurrencies.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

"In my last two weeks of business travel, not one question has been asked about that. That is just not part of the focus of retirement and long-term investors," Fink said.

While the manager sees "very little in terms of investor demand," the BlackRock CEO admitted back in April that cryptocurrencies can become a "great asset class." However, retirement and long-term investors do not focus on the cryptocurrency market so far, he added.

BlackRock Sees No Institutional Interest in Cryptocurrencies

However, it turns out that BlackRock owns the largest stake in MicroStrategy, the largest public bitcoin (EXANTE: Bitcoin) hodler. As of press time, BlackRock has 14.56% stake in the Virginia-based company. MicroStrategy itself hodls over 105,000 BTC mainly through its subsidiary — MacroStrategy LLC.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error