Tag: BlackRock

Ethena Labs has deepened its presence in the tokenized U.S. Treasuries market, adding another $225 million worth of BlackRock’s BUIDL tokens on March 25, according to data from Arkham Intelligence. This latest acquisition brings Ethena’s total BUIDL holdings to $1.29 billion, solidifying its influence in the rapidly growing sector. At ...

BlackRock is making a major move into the European crypto market with its first Bitcoin exchange-traded product (ETP). Trading under the ticker IB1T on Xetra and Euronext Paris, and BTCN on Euronext Amsterdam, the launch represents a significant step in the firm’s expansion beyond North America. According to a Bloomberg ...

Robert Mitchnick, BlackRock's head of digital assets, suggested in a Yahoo Finance interview on March 19 that a U.S. recession could boost Bitcoin adoption. He highlighted that Bitcoin's decentralized and inflation-resistant properties may increase demand during economic downturns, especially in environments of significant fiscal stimulus and low interest rates. "A ...

DeFi protocol Frax Finance has opened voting on whether to adopt BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as the primary reserve asset for its upcoming stablecoin, Frax USD (frxUSD). The voting period runs from December 27, 2024, to January 1, 2025. “The vote to onboard Blackrock $BUIDL as the ...

In March 2024, BlackRock launched the BUIDL token as part of its USD Institutional Digital Liquidity Fund  and within a few months, it had amassed over $500 million in assets under management (AUM).  Designed as an ERC-20 token on Ethereum, BUIDL enables institutional investors to earn yields on tokenized U.S. ...

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 ...