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BlackRock Wants to Make It Cheaper to Trade Bitcoin, Larry Fink Says
BlackRock Inc. Chief Executive Officer Larry Fink called Bitcoin an “international asset” and said the money manager wants to use its heft to make it less expensive and easier to invest in the cryptocurrency. “It costs a lot of money right now to transact Bitcoin,” Fink said Wednesday in an interview on Fox Business. “We hope our regulators look at these filings as a way to democratize crypto.” The money management giant filed paperwork last month to set up an exchange-traded fund that invests directly in Bitcoin, which prompted a flurry of similar applications from rival issuers and a rally in ... (full story)