Summary: Institutional investors can buy Bitcoin with BlackRock through their new spot Bitcoin ETF product. It is expected that BlackRock will also release an Ethereum (ETH) ETF in the near future and offer institutional staking services. However, it is not possible to hold crypto directly on the platform. Investors can buy Bitcoin and other cryptocurrencies through a FinCEN-licensed exchange.
Following a detailed assessment of the top exchanges in the United States, our expert team has identified eToro as the number-one alternative for crypto assets and Bitcoin exposure.
- Free and instant USD deposits with bank transfer (ACH), credit/debit cards and more.
- Trade over 25 crypto assets with industry-leading fees and spreads.
- eToro USA LLC is registered and regulated with FinCEN.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Can I Buy Bitcoin with BlackRock?
BlackRock does not offer services for customers to buy or sell cryptocurrencies directly through its platform. Digital currencies, such as Bitcoin, can only be acquired through a dedicated cryptocurrency platform in the United States. Utilizing a digital asset exchange regulated by FinCEN is important if you want to maintain regulatory compliance in the country.
How To Buy Bitcoin or Crypto with BlackRock
As mentioned earlier, eToro is the preferred choice for BlackRock users seeking secure crypto investments in the United States, Europe, and worldwide. eToro offers BlackRock customers a range of deposit options for USD, including Bank Transfer, Debit Card, Credit Card, PayPal, ACH Transfer, and more, ensuring flexibility and convenience.
Start trading thousands of assets on eToro with these four steps:
- Registration: Sign up on the eToro platform and verify your identity.
- Deposit Funds: Select the 'Deposit Funds' button on your screen and transfer USD.
- Find Crypto: Go to the search bar, find your desired token, and tap ‘Trade’.
- Execute Your Trade: Input the amount you want to buy and click ‘Open Trade’.
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BlackRock Cryptocurrency Policy
BlackRock is a crypto-friendly platform that allows customers to invest in digital assets. As previously stated, US investors should utilize a licensed cryptocurrency trading platform to buy and sell tokens. It’s important to use an exchange that is licensed by the FinCEN in the United States.
About BlackRock
BlackRock, founded in 1988 and headquartered in New York City, is the world's largest asset manager, overseeing a diverse portfolio of investments that amounts to approximately $9.5 trillion in assets under management (AUM). Recognized as an industry leader, BlackRock provides financial services, including risk and asset management for individuals, institutions, and governments globally.
Its cutting-edge Aladdin technology platform is instrumental in bolstering investment strategies and risk analysis. As ESG (Environmental, Social, and Governance) principles gain prominence, BlackRock increasingly emphasizes sustainable investment practices. With a presence in over 30 countries worldwide, BlackRock serves diverse clients, including governments, institutions, and individuals.
Final Thoughts
To summarize, BlackRock does not facilitate cryptocurrency transactions directly on its platform for all its customers. However, clients can still invest in cryptocurrencies by transferring funds to secure and regulated digital asset trading platforms. eToro is the best option for BlackRock customers, offering free and instant USD deposits and a FinCEN-licensed trading environment.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
