BlackRock (BLK) is working to list an exchange-traded fund in Europe that will be tied directly to bitcoin, Bloomberg reported Wednesday, citing people familiar with the plans.
The company might start marketing the fund as early as this month, one of the sources reportedly said. The fund will likely be launched in Switzerland.
BlackRock declined MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 1010.47, Change: -5.19, Percent Change: -0.51
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.