BlackRock’s spot Bitcoin ETF is poised to overtake the Grayscale Bitcoin Trust (GBTC) in terms of Bitcoin holdings within the next few weeks. As of March 22, BlackRock’s ETF holds approximately 243,126 Bitcoin, valued at $15.48 billion, with a steady daily inflow of around $274 million. On the other hand,
Coinbase, a leading crypto exchange, has been selected as a crucial infrastructure provider for BlackRock’s latest tokenized investment fund, according to announcements made by the exchange. We are excited to announce that Coinbase has been chosen as a key infrastructure provider for @BlackRock and @Securitize Tokenized Investment Fund. — Coinbase
The approval of Bitcoin ETFs has caused them to gain a great deal of interest. When compared to other recently introduced ETFs, Blackrock’s performance stands head and shoulders above the competition, with the most assets under management and net inflows. Market players are now expecting bigger inflows this year due
Larry Fink, CEO of BlackRock, recently spoke with CNBC and said that he “sees value” in creating an Ethereum spot ETF in the US. Recently, the company’s spot Bitcoin ETF (IBIT) had a successful debut trading day. The biggest asset management in the world, BlackRock, applied to the SEC for
According to reports, investment banking behemoth BlackRock Inc. is planning to slash 3% of its employees in a massive reorganization similar to the mid-year layoffs that occurred in 2023. Charles Gasparino, a senior correspondent for Fox Business Network, claims that in three days the financial behemoth will announce the layoffs,
Asset management giant BlackRock has officially submitted a filing for a spot Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This development underscores BlackRock’s increasing commitment to cryptocurrency investments and follows its recent registration of the iShares Ethereum Trust in Delaware. BlackRock filed for a
The U.S SEC filed charges against BlackRock Advisors, LLC today for failing to provide information about investments that make up a substantial component of a publicly listed fund it advises. A notification from the SEC was issued confirming this. The investments are focused mostly on the media and entertainment sector.
In light of the impending government shutdown in the U.S, the SEC has postponed a judgement on several proposals for spot Bitcoin ETFs, among them BlackRock’s. Separate filings from September 28 indicate that the SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie for spot Bitcoin ETFs, and
BlackRock, a firm that manages $9 trillion in assets, is under investigation by the US government for possible illegal Chinese investments. Legislators are concerned that Americans’ retirement savings are being used to prop up Chinese companies that the United States has blacklisted due to security and human rights concerns. According
Reliance Industries’ financial services arm, Jio Financial Services (JFS), has announced its partnership with the US-based firm BlackRock to launch asset management services in India. The joint venture will run on 50:50 ownership to offer investment solutions. Moreover, both firms will make an initial investment of $150 million each in
