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
On Friday, Larry Fink expressed optimism about the future of cryptocurrencies by discussing the growing interest he has seen from gold investors. The CEO of BlackRock said on CNBC after the company’s second-quarter earnings report that “more and more” gold investors have been inquiring about the role of crypto over
BlackRock CEO Larry Fink expressed his positive outlook on cryptocurrencies in a recent interview with Fox Business, specifically referring to Bitcoin (BTC) as an “international asset” and endorsing the idea of crypto serving as “digital gold.” Further, Fink highlighted the potential of cryptocurrencies. Saying, “I do believe that the role
Nasdaq, the renowned stock exchange, has resubmitted its request for a rule change to the U.S. Securities and Exchange Commission (SEC) to allow the listing of a spot Bitcoin exchange-traded fund (ETF) for the Valkyrie Bitcoin Fund. This recent filing on July 3 included a notable addition—a “surveillance-sharing agreement” with
After receiving feedback from authorities that their proposed exchange-traded fund for Bitcoin spot markets was inadequate, BlackRock has resubmitted a revised proposal. BlackRock has addressed one of the primary concerns the SEC has voiced when rejecting applications for Bitcoin spot ETFs in the past, saying it will be finalizing a
According to reports, just five years ago, BlackRock CEO Larry Fink was dismissive about the prospect of cryptocurrency investment. In a dramatic turn of events, the world’s largest asset manager now acknowledges the rising appeal of digital currencies. In 2018, Fink claimed his clients had ‘zero interest’ in cryptocurrencies. He
Despite concerns surrounding the economy and regulatory actions targeting particular crypto exchanges, Bitcoin’s price exhibited remarkable resilience, surging past $30,000 and demonstrating sustained growth over the past few days. Reports indicate that the present value of BTC stands at $30,331.07, accompanied by a 24-hour trading volume of $31,662,818,930. Within the last
WisdomTree Investments, a renowned asset management firm, has submitted an application to the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This strategic move aligns with the growing market interest in Bitcoin ETFs, fueled partly by industry heavyweight BlackRock’s recent filing. The $87 billion asset manager, WisdomTree,
In a significant development for the cryptocurrency market, major digital currencies closed the week with notable gains, driven by the news of “BlackRock’s plans to launch a Bitcoin exchange-traded fund (ETF).” The announcement by BlackRock, one of the world’s largest asset management firms, has captured the attention of investors and
