Cryptocurrency exchange Coinbase is reported to be considering creating an exchange-traded product tied to cryptocurrency, as another method for retail investors to enter the crypto market.

The exchange has also sought out the advice of BlackRock’s blockchain working group to further this plan. The working group aims to identify applications of blockchain-related technologies in the financial sector.

BlackRock has had an extremely negative towards cryptocurrencies in the past, indicating it has no interest in entering the market, with CEO Larry Fink referring to Bitcoin as an “index of money laundering”.

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