Global asset manager BlackRock plans to expand its digital asset team as its tokenized fund witnessed exceptional growth. The careers portal of the BlackRock website shows four new roles related to digital assets. It is clear that a major traditional asset manager like BlackRock is going big on digital assets.
BlackRock has introduced its first Bitcoin exchange-traded product (ETP) in Europe. The iShares Bitcoin ETP (IB1T) will trade on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam under BTCN. The launch follows the success of BlackRock’s U.S. spot Bitcoin ETF. The asset manager is offering a
BlackRock’s iShares Bitcoin Trust (IBIT) saw $420 million in withdrawals on February 26, marking its largest single-day outflow to date. Investors pulled 5,000 BTC, surpassing the $332 million outflow recorded on January 2. As Bitcoin’s price dropped to $86,263, the broader market also showed signs of uncertainty. The sell-off extended
Abu Dhabi Crypto Move Abu Dhabi’s Mubadala Investment Company took a giant leap by investing $436.9 million in the iShares Bitcoin Trust ETF. The massive purchase was done in the first quarter of 2024. Mubadala, with assets under management of over $280 billion, purchased around 8.2 million units of the
The crypto ETF filings are increasing by the day by global organizations. While the SEC is moving forward with some filings, others are getting delayed for various reasons. It pushed the last date to make a decision on iShares Ethereum ETF Options to April 9 this year. iShares is a
Blackrock, the world’s biggest asset manager, is launching a Bitcoin exchange-traded ETP product in Europe. The fund, based in Switzerland, will be its first foray into the European market in the crypto-linked ETP arena. According to a Bloomberg report, Blackrock can begin marketing the product as soon as this month.
Nasdaq filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to let in-kind creation and redemption take place for the BlackRock iShares Bitcoin Trust (IBIT). This could hugely boost the operating efficiency of the largest spot Bitcoin exchange-traded fund on the market. In-kind creation and redemption
The Frax community has approved FIP-418, allowing BlackRock’s BUIDL token to collateralize the frxUSD stablecoin. This proposal passed unanimously after six days of voting, Frax Finance announced on Thursday. BlackRock’s BUIDL token, a tokenized money market fund, invests in U.S. Treasury bills, cash, and repurchase agreements. It ensures stability, liquidity,
Even though major cryptocurrencies have not recorded any significant price rises, some cryptocurrencies are performing well today. Frax Share (FXS) price witnessed a huge price hike and went to as high as $3.52 with a 680% increase in its trading volume. After a complete week of downward price movement, FXS
The victory of Donald Trump in the U.S. presidential election race has impacted the broader financial markets. Particularly, the cryptocurrency market and the related investment products. With Bitcoin (BTC) surging past $76K, the US spot Bitcoin ETFs have witnessed an escalation in trading volumes and inflows. Notably, BlackRock’s Bitcoin ETF,
