BlackRock's Larry Fink says institutional clients fascinated by crypto but not that interested

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BlackRock's Larry Fink says institutional clients fascinated by crypto but not that interested

cnbc2021-04-15

KEY POINTS Climate change and inflation risk are bigger concerns for BlackRock's institutional clients than cryptocurrencies, CEO Larry Fink told CNBC. "We're studying it. We make money on it, but I'...

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Ray9988
·2021-04-15
Hi
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Tiger boi
·2021-04-15
Wow
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Csng
·2021-04-15
Hi
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- hweeping:
  hihi
  2021-04-15
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J5385
·2021-04-15
likue n comment pls
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- ckww:
  Ok
  2021-04-15
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TruthfulPep
·2021-04-15
Bitcoin popping, but crypto related stock not so.
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We make money on it, but I'...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/15/blackrock-larry-fink-clients-fascinated-by-crypto-but-not-that-interested.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock's Larry Fink says institutional clients fascinated by crypto but not that interested</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock's Larry Fink says institutional clients fascinated by crypto but not that interested\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 21:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/15/blackrock-larry-fink-clients-fascinated-by-crypto-but-not-that-interested.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nClimate change and inflation risk are bigger concerns for BlackRock's institutional clients than cryptocurrencies, CEO Larry Fink told CNBC.\n\"We're studying it. We make money on it, but I'...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/15/blackrock-larry-fink-clients-fascinated-by-crypto-but-not-that-interested.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLK","symbol_name":"贝莱德","start_time":0,"source_url":"https://www.cnbc.com/2021/04/15/blackrock-larry-fink-clients-fascinated-by-crypto-but-not-that-interested.html","article_id":"1138309443","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/04/15/blackrock-larry-fink-clients-fascinated-by-crypto-but-not-that-interested.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1138309443","pubTimestamp":1618491834,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nClimate change and inflation risk are bigger concerns for BlackRock's institutional clie","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLK":"贝莱德"},"translate_title":"贝莱德的Larry Fink表示，机构客户对crypto很着迷，但并不那么感兴趣","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":0.9},"content_text":"KEY POINTS\n\nClimate change and inflation risk are bigger concerns for BlackRock's institutional clients than cryptocurrencies, CEO Larry Fink told CNBC.\n\"We're studying it. We make money on it, but I'm not here to tell you that we're seeing broad-based interest by institutions worldwide,\" he said.\nFink's comments came shortly after BlackRock reported better-than-expected earnings and a record $9 trillion in assets under management.\n\nBlackRockCEOLarry Fink told CNBC on Thursday that the world's largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies.\n\"Our broad-based client relationships, we've had very little interconnectivity on the conversation on crypto other than a fascination,\" Fink said in an interview on\"Squawk Box.\"\nThe BlackRock co-founder and chairman believes crypto can “become a great asset class,” acknowledging that his firmmade some moves into bitcoin.\n“We’re studying it. We make money on it, but I’m not here to tell you that we’re seeing broad-based interest by institutions worldwide,” Fink said.\n“Maybe they’re talking to somebody else, so I don’t want to suggest that we have perfect information,” he added, shortly after BlackRock reported better-than-expected earnings and arecord $9 trillion in assets under management.\nThe price of bitcoin has soared since last year, tradingabove $62,000 per coinThursday morning. As recently as October, the world’s largest cryptocurrency by market value traded below $11,000.\nInstitutional adoption of bitcoin has beencited as one factorpropelling the rise. Companies such asTeslahave used cash on the balance sheet tobuy bitcoin, and Wall Street firmsMorgan StanleyandGoldman Sachshave separatelyannounced intentionsto offer their wealth management clients exposure to bitcoin.\nFor BlackRock’s institutional clients specifically, Fink said other topics rank higher on the list of concern than digital assets.\n“The amount of conversation we’re having on climate risk and how they should navigate portfolios is a major component of the conversation,” Fink said. “The conversations about our [budget] deficits and ... on inflation risk is far more dominant with our clients worldwide than the whole conversation about crypto.”\nFink’s comments Thursday came one day after the largest cryptocurrency exchange in the U.S.,Coinbase,went publicon the Nasdaq. Coinbase’s direct listing washeralded as the latest milestonein the growing acceptance of cryptocurrencies as an asset class. Coinbase finished Wednesday’s session with a market cap of nearly $86 billion.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":347214914,"gmtCreate":1618496562338,"gmtModify":1704711807681,"author":{"id":"3573707937767921","authorId":"3573707937767921","name":"Ray9988","avatar":"https://static.tigerbbs.com/b5c776da1c554e167d709a426155a17e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3573707937767921","idStr":"3573707937767921"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347214914","repostId":1138309443,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347652949,"gmtCreate":1618494576081,"gmtModify":1704711720693,"author":{"id":"3577356724021095","authorId":"3577356724021095","name":"Tiger boi","avatar":"https://community-static.tradeup.com/news/684e6e01472d2c8dda9a5525cc1ed1c7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3577356724021095","idStr":"3577356724021095"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347652949","repostId":1138309443,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347680599,"gmtCreate":1618493216311,"gmtModify":1704711671420,"author":{"id":"3564133849855833","authorId":"3564133849855833","name":"Csng","avatar":"https://static.tigerbbs.com/27db320669c8b43480398086bea9e9de","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3564133849855833","idStr":"3564133849855833"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347680599","repostId":1138309443,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4044114,"gmtCreate":1618493233969,"gmtModify":1680784184639,"authorId":3573083818292775,"author":{"id":3573083818292775,"idStr":"3573083818292775","authorId":3573083818292775,"name":"hweeping","avatar":"https://static.tigerbbs.com/3c86901a4f095c2befa17f5008e48b23","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347680599,"type":1,"supId":0,"prevId":0,"content":"<u>hihi</u>","text":"<u>hihi</u>","html":"<u>hihi</u>"}],"langContent":"EN"},{"id":347615172,"gmtCreate":1618493021896,"gmtModify":1704711666723,"author":{"id":"3573450191379774","authorId":"3573450191379774","name":"J5385","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573450191379774","idStr":"3573450191379774"},"htmlText":"likue n comment pls","listText":"likue n comment pls","text":"likue n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347615172","repostId":1138309443,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4044610,"gmtCreate":1618495796006,"gmtModify":1680784192906,"authorId":3581586523786578,"author":{"id":3581586523786578,"idStr":"3581586523786578","authorId":3581586523786578,"name":"ckww","avatar":"https://static.tigerbbs.com/bc2cc1ef6533d547201ce880e7c04b9c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347615172,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":347612646,"gmtCreate":1618492952185,"gmtModify":1704711666074,"author":{"id":"3569469016287731","authorId":"3569469016287731","name":"TruthfulPep","avatar":"https://static.tigerbbs.com/3046e394899cd454b96359b74a0a90ad","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3569469016287731","idStr":"3569469016287731"},"htmlText":"Bitcoin popping, but crypto related stock not so.","listText":"Bitcoin popping, but crypto related stock not so.","text":"Bitcoin popping, but crypto related stock not so.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347612646","repostId":1138309443,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":20,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}