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.