Opinion
Bitcoin application shreds BlackRock’s ESG credibility
BlackRock’s bid to launch a bitcoin ETF is at odds with its founder Larry Fink’s strong stance on ESG, of which the cryptocurrency is an obvious fail.
Tom RichardsonJournalistBitcoin’s massive carbon footprint, status as a reserve currency for online crooks and inbuilt lack of governance makes it an obvious environmental, social and governance (ESG) fail.
Curiously, that hasn’t stopped BlackRock applying to the US Securities and Exchange Commission to launch a bitcoin exchange-traded fund in return for fees from potential investors.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles