coindesk.com
Crypto lender BlockFi has partnered with private investment manager Neuberger Berman to develop new crypto asset management products.
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The new products will be housed in a separate entity called BlockFi nb, according to an announcement Monday.
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BlockFi nb said exchange-traded funds (ETFs) are likely to be among the products it develops.
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“We think this combination will help us to improve on products currently in the market so that we can give investors cost-effective and convenient access to the performance of digital assets from their brokerage accounts,” Greg Collett, president of the new entity, said.
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Neuberger Berman – a $400 billion asset manager – recently tweaked the strategy of its $164 million commodities fund, allowing up to 5% of its assets to be held in bitcoin futures and funds.
Read more: BlockFi CEO Wants SEC to Weigh In on Crypto Lending