Follow along as Valkyrie's Head of Portfolio Management, Bill Cannon, highlights a notable "byte" from the markets each week.
BlackRock and Coinbase announced an exciting partnership this week allowing Bitcoin to be managed and traded alongside equities and fixed income positions using BlackRock’s proprietary portfolio management application.
Bill's Byte:
BlackRock and Coinbase announced an exciting partnership this week allowing Bitcoin to be managed and traded alongside equities and fixed income positions using BlackRock’s proprietary portfolio management application. BlackRock’s institutional clients who also own digital assets on Coinbase will now be able to use Aladdin, the asset manager’s suite of software tools, to manage their portfolios and conduct risk analysis on investment decisions, per WSJ.
Aladdin provides an easy and intuitive interface across many products including real-time risk management, accounting, compliance, and portfolio construction, supporting industries like financial services, insurance, and pensions across 240 clients, 55,000 users, managing over $20 trillion in assets. A comprehensive and seamless integration with traditional investments allows much needed accessibility to crypto. Portfolio managers can now build portfolios including Bitcoin under their own risk profiles and convey their ideas and research in a familiar format to clients or internal management teams. Read about the developments here:
