I think the partnership will create value for $Coinbase Global, Inc.(COIN)$Bullishmore than it does for bitcoin. This is because institutional investors already have the means to invest in bitcoin without this partnership. There's no lack of crypto trading platforms, custodians and brokerages. However, $Coinbase Global, Inc.(COIN)$will be able to tap on theaffluent clients at BlackRock to expand its reach and market share. However, the partnership does little if any to boost the value of bitcoin. While the share price of $Coinbase Global, Inc.(COIN)$rallied on the news of the partnership, there has not been much price actions on bitcoin.
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