Thu, May 23

Bitcoin Plummets Below $57K Amidst Record Outflows from US ETFs

Bitcoin’s (BTC) price took a significant hit, dipping below the $60,000 mark and settling around $57,000 amidst concerns of further decline. The downturn was worsened by substantial outflows from US spot Bitcoin ETFs, exceeding $500 million on May 1st. This sell-off intensified following the Federal Reserve’s (Fed) announcement, led by

May 2, 2024 2 mins read

BlackRock Denies Any Commercial Relationship with Hedera Hashgraph

According to BlackRock, there is “no commercial relationship” between the two companies, and the investment giant did not tokenize any of its funds—including its $22 billion money market fund—using the Hedera Hashgraph. After the HBAR Foundation announced on X that blockchain companies Archax and Ownera tokenized BlackRock’s ICS U.S. Treasury

April 25, 2024 2 mins read

Bitcoin Surges Over $70,000 on Back of Rising ETF Inflows

Bitcoin (BTC) surged past the $71,000 mark, marking a strong start to the week following a brief dip in prices last week. The renewed bullish sentiment has been fueled by increased investor interest, with net inflows into Bitcoin exchange-traded funds (ETFs) again turning positive. According to Spot on Chain’s report,

March 26, 2024 1 min read

Will BlackRock’s Bitcoin ETF Ever Overtake Grayscale’s Holdings?

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,

March 25, 2024 2 mins read

BlackRock Choose Coinbase for Tokenized Fund Infrastructure

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

March 21, 2024 1 min read

Blackrock’s Bitcoin ETF Dominates Market with Record Inflows

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

February 17, 2024 2 mins read

BlackRock’s Larry Fink Envisions Potential for Ethereum Spot ETF

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

January 13, 2024 2 mins read

BlackRock Reportedly Plans 3% Workforce Cut Amidst ETF Pursuit

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,

January 7, 2024 1 min read

Ethereum Battles $2,000 Despite BlackRock ETH ETF Filling

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

November 17, 2023 2 mins read

BlackRock Faces U.S SEC Charges for Investment Disclosure Failures

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.

October 25, 2023 2 mins read