The world’s most valuable virtual currency by market value jumped more than 4 percent to around $6,623, according to industry website CoinDesk, which tracks prices from a number of different exchanges.
The prices of ethereum and ripple, the second and third-largest digital assets by market capitalization respectively, also got a boost. Ethereum was up by more than 5 percent while ripple jumped 4.5 percent.
London’s Financial News newspaper, citing two unnamed sources, said that BlackRock has formed a team from different parts of the business to investigate cryptocurrencies and blockchain, the technology that underpins them.
According to one of the sources, the asset management giant will study whether it should invest in bitcoin futures. The sources also said that BlackRock’s working group will keep a close eye on what its competitors are doing in regard to cryptocurrencies and blockchain.
"Like most financial institutions, BlackRock has a working group that meets periodically to exchange information on blockchain and consists of employees from various parts of the business," a spokesperson for the company said in an emailed statement.
"We have been looking at blockchain technology for several years, recognizing potential for shared processes and data across market participants, clearing, settlement and reconciliation and simplified securities issuance.”
CNBC understands that the working group is not a new development and has, in fact, existed since 2015.