Coinbase explores Bitcoin ETF with help from Blackrock

posted 2 months ago
Coinbase is looking to create an exchange-traded product tied to crypto, according to people familiar with the matter, as a way to allow retail investors to gain access to the volatile market. In recent weeks the firm has held conversations with members of BlackRock's blockchain working group to tap into the firm's expertise with launching exchange-traded products.

Coinbase had announced an index fund, 6 months ago, of cryptocurrencies aimed at accredited investors. An ETF, however, is geared towards more mainstream investors. If Coinbase were to develop a crypto ETF, it would join a number of other firms also looking to launch their own, including rival Gemini, Bitwise Asset Management, and VanEck.
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