In Brief:
- BlockFi partnered with Neuberger Berman to develop and distribute a series of crypto asset management products.
- The Blockfi nb expects to launch products including ETFs and other traditional structures.
- The new products will be housed in a separate entity called BlockFi nb.
Crypto financial services firm BlockFi partnered with Neuberger Berman to develop and distribute a series of crypto asset management products and strategies.
According to the announcement, the new products and strategies will be housed in a separate entity called BlockFi nb LLC (“BlockFi | nb”).
The BlockFi | nb expects to launch a crypto assessment management product including ETFs and other traditional structures. It will give investors cost-effective and the best access to crypto assets in their brokerage account.
Moreover, the crypto access solutions will exist alongside Neuberger Berman’s growing suite of “actively managed crypto strategies and BlockFi’s retail and institutional crypto solutions.”
“BlockFi | nb combines the crypto expertise of BlockFi with the institutional rigor of Neuberger Berman. 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 BlolckFi.
In August, Neuberger Berman’s $164 million commodities fund can invest up to 5% in Bitcoin futures and funds.
