Why the World's Largest Asset Manager Is Getting Into Bitcoin

Today on the Brief:

• A new SPAC exchange-traded fund with bitcoin-experienced leadership
• First look at Brian Brooks’ possible replacement at OCC
• What to expect from institutional bitcoin price targets in the coming weeks

Our main discussion: BlackRock comes to bitcoin. 

BlackRock filings with the SEC suggest two funds might buy bitcoin futures. In this episode, NLW looks at:

• The signs leading up to BlackRock’s interest
• Why BlackRock’s CIO thinks bitcoin will out-compete gold for millennial investors 
• How ARK ETFs are seeing startling fund flows, causing larger market FOMO around innovation

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