According to a story published today on Financial News, ETF giant Black Rock announced the formation of a new division that will asses the potential of crypto trading.

This news comes amidst similar position taken, for instance, by Goldman Sachs, who announced a couple of months ago a similar division forming.

If you're curious, Black Rock manages assets up to 6.3 trillion dollars. At the moment of writing, the entire crypto market cap was just a little over a quarter of a trillion, namely $258 billions.

As always, when I'm hearing about "institutional money coming into crypto", I'm having mixed feelings. On one side I'm happy there's more volume coming in (and, sheesh, these guys do have a lot of money). But on the other, I don't really like some of the practices of the Wall Street guys.

But, who knows, maybe this new playground, crypto-trading, may prove to be a more difficult riddle to solve for them than it looks like.

Apparently, this is the news that made Bitcoin jump around 4% today.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me Hive account@dragosroua.

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