BlackRock CEO Larry Fink revealed that the asset management giant now views Bitcoin as a digital alternative to gold, marking a significant shift in the firm’s stance on cryptocurrency. Fink's comments, made during an earnings call, highlight BlackRock’s evolving strategy toward cryptocurrency, particularly Bitcoin and Ethereum. Earlier this year, the ...
Nasdaq and BlackRock are advancing plans to list and trade options for BlackRock's spot Ethereum exchange-traded fund (ETF), according to a recent report by Reuters. The asset manger reportedly submitted a proposal to the U.S. Securities and Exchange Commission (SEC) through the Nasdaq International Securities Exchange for rule change to ...
BlackRock's iShares Bitcoin Trust (IBIT) has become the largest Bitcoin exchange-traded fund (ETF) globally, surpassing the Grayscale Bitcoin Trust (GBTC) according to the latest publicly available data. According to the Apollo Bitcoin Tracker, BlackRock's spot Bitcoin ETF has shown impressive growth, amassing 288,670 BTC, surpassing Grayscale's holdings of 287,450 BTC. ...
The appointment of Salim Ramji as the new CEO of Vanguard, a major U.S. asset management company, has triggered speculation about potential shifts in the firm's stance towards Bitcoin. Earlier this year, Vanguard's decision not to offer spot Bitcoin ETFs on its brokerage platform drew criticism from some long-time customers. ...
BlackRock’s iShares Bitcoin Trust experienced its first-ever outflow day during the trading ending May 1, 2024. According to data from Farside Investors, the spot Bitcoin ETF ended the day with a significant $36.9 million flowing out of its coffers. The outflows were not limited to BlackRock’s Bitcoin fund alone. Nine ...
BlackRock iShares Bitcoin Trust (iBIT) marked its first day with zero inflows, ending its long streak since its introduction. Launched on January 11, iBIT has consistently attracted daily investments, amassing nearly $15.5 billion in just 71 days. According to data from Farside investors, the fund recorded a surprising $0 in ...
Hedera's native token, HBAR, experienced a remarkable 96% surge over the past 24 hours following the tokenization of BlackRock's ICS US Treasury Money Market Fund on the Hedera blockchain. According to CoinGecko, the price of HBAR surged from $0.087 to a peak of $0.175 following the announcement. As of the ...
Bloomberg's senior ETF analyst, Eric Balchunas, has predicted that BlackRock's $IBIT spot Bitcoin exchange-traded fund will overtake Grayscale's Trust Bitcoin Shares ($GBTC) by the end of the month. Eric Balchunas, in a social media post on Wednesday, April 17, drew attention to the rapidly changing landscape of bitcoin ETFs. He ...
The possibility of a BlackRock XRP ETF has been the subject of much speculation; however, Ripple CEO Brad Garlinghouse has expressed optimism about its introduction in the near future. In a recent interview with Bloomberg, Garlinghouse alluded to the recent approval of Bitcoin spot ETFs by the U.S. Securities and ...
BlackRock's spot Bitcoin exchange-traded fund ($IBIT) recorded its third-largest inflow, at $272 million, on the seventh day of live trading, according to data published by Bloomberg ETF analyst James Seyffart. The ETF had previously posted its largest inflow so far on day two of live trading at $386 million. Its ...
