Investment firm BlackRock has launched a fund for its institutional clients in the US to invest in spot Bitcoin.
US giant investment management company BlackRock announced its new fund, announcing that despite the declines in crypto money, institutional investors' interest in Bitcoin is increasing day by day.
BlackRock announced that it made the Spot Bitcoin Trust move in exchange for user expectations.
The fund will be BlackRock's first product to allow direct investment in Bitcoin.
The investment firm also launched a collaboration with cryptocurrency trading platform Coinbase last week.
The US company holds $9 trillion in funds under its management.
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