BlackRock has a 'responsibility to democratize investing,' including in crypto, Larry Fink says
Publishing timestamp: 2023-07-14 13:57:46
Summary
BlackRock's CEO, Larry Fink, stated that the company's move into crypto aligns with their mission of democratizing investing. BlackRock has applied for a spot bitcoin ETF and is working with regulators to ensure safety and protection. Fink mentioned that interest from clients and the high cost of transactions motivated BlackRock to explore the crypto space. He also highlighted the diversification role that crypto can play in investor portfolios. The article also mentions BlackRock's second-quarter results, reporting $9.28 in adjusted earnings per share and over $9 trillion in assets under management.
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Keywords: business news, larry fink, breaking news: markets, markets, blackrock inc, breaking news: investing, investment strategy,