In an effort to expand its institutional services, Coinbase is joining an industry chase for the ever-elusive bitcoin exchange traded fund (ETF).As reported by Business Insider, the cryptocurrency exchange provider has been liaising with BlackRock, a U.S. investment management company with some $6 trillion in assets under its purview. Individuals close with the matter said that Coinbase has sought guidance from BlackRock’s blockchain working group. While Coinbase spoke directly with employees involved with BlackRock’s blockchain arm, the exchange is after the organization’s expertise in legacy markets. The firm has made a name for itself with its focus on hedge funds and ETFs; iShares, its most popular suite of ETFs, for instance, accounted for $1.41 trillion of BlackRock’s assets under management in 2017. It was this knowledge, the inner workings of successfully launching an ETF, that made up the bulk of Coinbase’s and BlackRock’s conversation, Business Insider’s sources claimed. Even so, the sources also stated that the working group didn’t give Coinbase any definitive direction on how it should go about getting a crypto-related ETF off the ground.Established in 2015, the think tank may seem like an odd addition to BlackRock’s consulting services given that Larry Fink, the firm’s CEO, has called bitcoin an “index of money laundering,” saying that its clients have little to no interest in the surroundi... For Further Information Click on Below Button