We have Very Little Investor Demand On Crypto : BlackRock CEO
The chief executive of BlackRock said they have very little demand for crypto Investment from their customers. Maybe it can increase in future but for now we don’t have significant demand for crypto.
BlackRock is a fund manager company which manages a $9.49 trillion fund. And also this company have huge popularity among the list of fund manager companies.
As all of us know, Grayscale provides Bitcoin trust, Ethereum and few other flagship crypto coins for Investment. Grayscale asset fund management company is not big in comparison with BlackRock but still has lots of demand in Crypto assets.
BlackRock fund manager company which have $9.49 trillion managed fund, which indicates that they have huge volume of users but shockingly they are not getting much demand for crypto assets
The CEO of BlackRock talked about this matter amid their success to manage a high amount of funds. They said that the company is not getting significant demand of Investment from institutional investors for Bitcoin & Ethereum like cryptocurrencies.
According to a CNN report of CNN, the worth of the assets that the company managed is now around mind-blowing $9.49 trillion.
Well here it should be noted that Company claimed that they are not getting huge demand for crypto Investment. But the demand that they are getting “which is significantly low” probably can be huge. Because BlackRock is getting huge Investment in no crypto-assets Investment but there are crypto which are known by few users that why only few people and institutions demanding but if they can add the Crypto assets then probably institutions will move toward Cryptocurrency also.
Read also: Physical Crypto Debit Card Approves By Visa For Australian CryptoSpend Company
