BlackRock, the world's largest asset manager, is reportedly planning to cut jobs as the company prepares for the approval of a Bitcoin exchange-traded fund (ETF). The move comes as the company aims to restructure its business in anticipation of the growing demand for crypto investments. BlackRock's potential layoffs are seen as a strategic decision to reallocate resources and focus on expanding its crypto offerings. The company's CEO, Larry Fink, has previously expressed his support for cryptocurrencies and the potential of blockchain technology. If BlackRock successfully launches a Bitcoin ETF, it could open up new opportunities for investors to gain exposure to the digital asset market. The news of the potential layoffs and the company's focus on crypto investments reflect the growing influence of digital currencies in the traditional financial sector. As the demand for crypto investments continues to rise, major financial institutions like BlackRock are adapting their strategies to capitalize on this trend.
07 січня 2024
