Twitter Facebook LinkedIn Flipboard 0 A partnership between Coinbase Global and BlackRock – the largest asset manager in the world – based on Bitcoin sales has caused a dramatic advance in crypto ETFs. Following the decision to partner with BlackRock, the price of Coinbase Global shares increased by more than 18% on Thursday. While 125 exchange-traded funds hold the stock, the largest asset positions are held by the First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Fidelity Crypto Industry, and Digital Payments ETF (FDIG), and Global X Blockchain ETF (BKCH). Crypto ETFs – BlackRock Clients’ Interest on the Rise As part of the agreement, BlackRock’s institutional clients will be able to trade on Coinbase’s exchange using its Aladdin investment-management system. This collaboration resulted from the investment giant’s top clients’ growing interest in digital assets. In a press release, Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, stated that the partnership will allow them to “manage their bitcoin exposures directly in their existing portfolio management and trading workflows.” Crypto Assets Require a 180° Flip Now More Than Ever The bearish crypto market of 2022 saw a significant decrease in investments. The total market capitalization of all cryptocurrencies had fallen below $1 trillion for the first time since 2021. Bitcoin’s value fell by half in 2022, and the collapse of the Terra ecosystem and Three Arrows Capital has increased regulatory scrutiny of the market. In an email to BNN Bloomberg, Michele Schneider, managing director of Market Gauge Asset Management, expressed her thoughts on the recent partnership between the two titans, explaining, “The bottom line is that this deal has now been given exposure from the biggest asset manager, which in turn is another green light for institutional inflows (into crypto).” Crypto Exchange-Traded Funds’ Victorious Week The combined assets under management of the First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT), Fidelity Crypto Industry and Digital Payments ETF (FDIG), and the Global X Blockchain ETF (BKCH) exceed $25 million. CRPT, the largest stockholder with a 12.8% stake in Coinbase, is up 2.8%. FDIG (11.8%) and BKCH (11.56%) have a slightly lower proportion of the market. However, they have racked up 2.8% and 3.9%, respectively, this Thursday. The percentage increase in these funds indicates positive growth for Coinbase. However, these funds are still trading sharply lower this year. CRPT is down 55.8 percent, FDIG is down 21.2 percent, and BKCH is down 64.4%. Related: Coinbase Introduces Advanced Charting – What Took Them So Long? M1 Finance to Add Crypto Trading to its Brokerage Services Fastest Growing Cryptocurrency 2022 Tamadoge (TAMA) - Next Big Meme Coin Our Rating Beta Sale Ends Sept 2022 - tamadoge.io Deflationary, Low Supply - 2 Billion Move to Earn, Metaverse Integration on Roadmap NFT Doge Pets - Potential for Mass Adoption Play to Earn Utility - Rewards Token Learn More Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Ali B.Learn how to publish your content on B2C Author: Ali B Ali is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial data and investment trends, carry out technical analysis, fundamental analysis, and make an informed decision on the best ways to strategize their investment … View full profile ›More by this author:Shiba Eternity a Hit in Vietnam? Shiba Inu Game is Good for TamadogeVelodrome Employee Admits to $400k Theft to Recoup LossesWhy Axie Infinity and The Sandbox Holders Will Be Buying Into Battle Infinity PancakeSwap Listing