BlackRock is continuously working to increase its digital asset holdings, and on April 25, it added another $327.3 million of BTC and acquired around 12,500 BTC in the past three days. After this acquisition, the total Bitcoin holdings investment of BlackRock stands at around $1.16 billion, showing the immense interest
BlackRock is now a registered crypto asset firm approved by the Financial Conduct Authority (FCA) in the UK, with permission to allow the world’s largest asset manager to facilitate ETP transaction transfers by means of iShares Digital Assets AG. The approval granted by the FCA allows BlackRock to act as
Cryptocurrency has seen incredible growth in the last 2 years with the market’s significant boom. Nations worldwide have begun to inculcate digital assets and utilize the effective tools that come along with it, such as the blockchain. Using blockchain integration numerous projects have pushed the boundaries of innovation further over
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
