BlackRock Moves Forward with Crypto Initiatives While Deribit Withdraws from Russia – BitRss

Despite a turbulent market, BlackRock, the world’s largest asset manager, continues to grow its cryptocurrency portfolio. Meanwhile, Deribit has made a concerning decision that disappoints Russian investors. The crypto landscape is currently chaotic, with altcoin charts showcasing extreme volatility. What is happening in the market?

BlackRock’s Cryptocurrency Developments

According to Bloomberg, BlackRock, which manages over $10 trillion in client assets, is set to launch a cryptocurrency ETP ($0.00) in Europe. The firm has already established itself as the largest issuer of Bitcoin $97,602 ETFs with its IBIT ETF launched last year. BlackRock is now preparing to issue a BTC ($96,977.74) ETF-linked exchange-traded product specifically for the European marke…