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 ...
BlackRock's iShares Bitcoin ETF portfolio now comprises 99% of Bitcoin and about $1 billion in assets under management (AUM). This accomplishment marks BlackRock as the first among the new Bitcoin ETF issuers to reach such a substantial holding. According to a trading report published today, Thursday, January 18, IBIT's holding ...
The U.S. Securities and Exchange Commission (SEC) has imposed a $2.5 million fine on BlackRock Advisors for misrepresenting investments in its publicly traded BlackRock Multi-Sector Income Trust. According to the SEC, between 2015 and 2019, the world's largest asset manager invested a significant portion of the trust's portfolio in the ...
Prominent financial institutions in the United States, including BlackRock, Fidelity, Bank of America, JP Morgan, Morgan Stanley, Goldman Sachs, BNY Mellon, and Invesco, are making their entry into the digital asset space. These institutions, which collectively manage an estimated $27 trillion in assets, are actively working on providing their clients ...
On June 21, 2023, WisdomTree, a New York-based asset management fund, filed another application for approval from the United States Securities and Exchange Commission (SEC) to list its "WisdomTree Bitcoin Trust" on the Cboe BZX Exchange. The company's new application for a spot Bitcoin exchange-traded fund (ETF) is part of ...
