BlockFi to Develop Crypto Asset Management Products With Neuberger Berman

Crypto lender BlockFi has partnered with private investment manager Neuberger Berman to develop new crypto asset management products.

• The new products will be housed in a separate entity called BlockFi nb, according to an announcement Monday.

• BlockFi nb said exchange-traded funds (ETFs) are likely to be among the products it develops.

• “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.

• 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.