Ex- Barclays CEO Praises BlackRock Bitcoin ETF Filing - Decrypt
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Ex- Barclays CEO Praises BlackRock Bitcoin ETF Filing
Crypto’s growth is just a natural part of an increasingly digitized world, says Bob Diamond. Former Barclays CEO Bob Diamond is not surprised by asset management giant BlackRock’s recent forays into the world of crypto “I love seeing some of the
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Former Barclays CEO Bob Diamond has praised BlackRock's recent filing for a Bitcoin Spot ETF, saying it's a natural course for crypto in an increasingly digitized world. Diamond previously worked with BlackRock to invest in Circle, the issuer of the world's largest stablecoin, USDC. BlackRock's filing has sparked optimism among US investors, as the SEC has rejected all related filings thus far. However, the broader crypto world is facing deeper regulatory scrutiny, with the SEC launching lawsuits against Binance and Coinbase for securities law violations. Diamond believes clearer rules and enforcement actions are necessary for crypto to reach its full potential.
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- Ex- Barclays CEO Praises BlackRock Bitcoin ETF Filing Crypto’s growth is just a natural part of an increasingly digitized world, says Bob Diamond.
- Former Barclays CEO Bob Diamond is not surprised by asset management giant BlackRock’s recent forays into the world of crypto
- “I love seeing some of the mainstream firms get involved here, like BlackRock,” said Diamond during an interview with CNBC’s Squawk Box on Wednesday. At Barclays, the banker said he worked with BlackRock to invest in Circle—issuer of the world’s largest stablecoin, USDC.
- In April 2022, Circle announced a $400 million funding round led by BlackRock, which manages the cash reserves backing its $29 billion token. “I’m not surprised that they’re more involved now in crypto more broadly,” said Diamond.
- BlackRock filed with the U.S. Securities and Exchange Commission (SEC) last week to launch a Bitcoin Spot ETF, an investment vehicle that lets consumers and businesses buy shares backed by a fixed amount of Bitcoin, held by the fund issuer and its partners.
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