Blackrock

BlackRock seeks to amend its Bitcoin ETF

September 25, 2024 1 min read

BlackRock, the global asset management firm, has submitted an update for its Bitcoin ETF (IBIT) in response to apprehensions regarding Coinbase’s custodial methods. Investors have expressed concerns regarding the transparency of Coinbase’s management of Bitcoin, leading to requests for on-chain verification that all ETF-related transactions are accurately resolved. BlackRock demanded that Bitcoin withdrawals from Coinbase be executed within 12 hours, citing apprehensions around the utilization of “paper BTC” or Bitcoin

BlackRock’s Bitcoin ETF saw minimal inflows in September

September 20, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) encountered tepid inflows in September, although there was an increase in Bitcoin’s price. The trust secured only $6.76 million, reflecting a prudent stance among investors. Despite an almost 5% increase in Bitcoin’s value, Bitcoin ETFs faced substantial withdrawals, totaling $155.3 million across the industry. On September 16, BlackRock’s IBIT experienced a transient inflow of $15.82 million, countered by a prior outflow of $9.06 million, culminating

BlackRock’s US Bitcoin ETFs gains $75 million in new inflows on August 22

August 23, 2024 1 min read

US spot Bitcoin exchange-traded funds (ETFs) have achieved a continuous streak of six days with positive returns, attracting nearly $65 million in investments on Thursday. The iShares Bitcoin Trust (IBIT) from BlackRock received the highest amount of fresh capital, totaling $75 million. Other funds, such as WisdomTree’s Bitcoin fund, Grayscale’s Bitcoin Mini Trust, and VanEck’s Bitcoin ETF, garnered more than $12 million. Grayscale’s Bitcoin Trust (GBTC), which has the highest

BlackRock is now the largest digital asset fund manager, with an AUM of $22 billion

August 15, 2024 1 min read

BlackRock, the largest firm in the field of asset management, has surpassed Grayscale to become the leading manager of digital asset funds. This achievement is attributed to substantial inflows into its exchange-traded funds (ETFs) during the past several months. Since receiving clearance from the US Securities and Exchange Commission (SEC) in January, IBIT, BlackRock’s Bitcoin ETF, has experienced a net inflow of $20.37 billion. Over the last 24 hours, the

BlackRock, the world’s largest asset manager plans to launch its own blockchain

August 14, 2024 1 min read

There are rumors that BlackRock, the largest asset manager globally with $10 trillion in assets under management, is contemplating the establishment of its own blockchain. This blockchain would be comparable to Coinbase’s Base Layer-2 network and aims to improve transparency, lower expenses, and make operations more efficient. Token Terminal has categorized crypto into three primary groups: conventional crypto assets such as Bitcoin (BTC), stablecoins like USDC, and tokenized assets like

BlackRock’s IBIT leads the ETF pack with over $157 million in net capital

August 10, 2024 1 min read

Farside Investors reports that BlackRock’s iShares Bitcoin Trust (IBIT) has established a dominant position in the market, boasting a net capital of more than $157 million. WisdomTree’s Bitcoin fund (BTCW) saw a significant influx of nearly $118 million in a single day, marking its highest inflow since its establishment. Since its introduction in January, BTCW has faced difficulties in competing with other Bitcoin ETFs since its net capital has never

BlackRock is now the largest public holder of Bitcoin with holdings surpassing 316,000 BTC

July 15, 2024 1 min read

The largest asset manager in the world, BlackRock, has announced a great performance in the second quarter, with assets under management (AUM) growing to an astounding $10.6 trillion according to the company’s report. As compared to the previous year, this is an almost 13% jump. In addition, earnings per share (EPS) increased over this period, going from $9.06 to $9.99, while revenue increased by 8% to reach $4.8 billion. Exchange-traded

Demand for Tokenized US Treasuries Soars as BlackRock, Franklin Templeton Invest

June 25, 2024 1 min read

The market for tokenized US treasuries has experienced a growth of more than 1,000% as a result of elevated interest rates and a significant increase in demand for secure, high-yielding assets that are recorded on a blockchain. By June, the market has achieved a valuation of $1.64 billion, with BlackRock‘s BUIDL fund surpassing Franklin Templeton’s BENJI. The increase in numbers demonstrates the increasing acceptance and utilization of real-world asset (RWA)

Jiritsu Revolutionizes Real-World Asset Transparency and Verification, Integrates with BlackRock’s RWA Ecosystem

June 7, 2024 3 mins read

New York, NY, June 6th, 2024 Jiritsu, a pioneering layer one blockchain platform with a native ZKMPC oracle, is launching its integration with the BlackRock ecosystem to increase real-world asset (RWA) transparency and verification. Jiritsu extends the concept of proof of reserves to include the precise value backing any RWA, setting a new standard in the industry.  BlackRock, a global leader in asset management, has made groundbreaking strides in the

BlackRock updates its Ethereum ETF filing

May 30, 2024 1 min read

BlackRock has revised its S-1 application for a planned Ether (ETH) exchange-traded fund (ETF), generating positive sentiment in the cryptocurrency market. Eric Balchunas, an analyst at Bloomberg, suggests a launch before the end of June. The revised S-1 document revealed that a Seed Capital Investor acquired 400,000 shares of the proposed ETF, resulting in a net asset value of $10 million for the Trust. The ETF, traded with the ticker

BlackRock Flips Grayscale: Becomes World’s Largest Institutional Holder of Bitcoin

May 29, 2024 1 min read

BlackRock, the world’s largest asset manager, has surpassed Grayscale’s Bitcoin Trust (GBTC) in its Bitcoin holdings. BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF launched just three months ago, has accumulated over 288,670 Bitcoins, according to on-chain data. This outpaces GBTC’s holdings, which currently sit at around 287,450 Bitcoins. Rapid Growth for BlackRock’s Bitcoin ETF The rapid growth of IBIT has surprised many analysts. Launched in March 2024, the

BlackRock’s IBIT ETF draws $73.4M as Bitcoin market faces downturn and outflows

April 18, 2024 0 mins read

On April 15, BlackRock’s iShares Bitcoin Trust (IBIT) saw substantial inflows of $73.4 million, whilst Grayscale’s Bitcoin Trust (GBTC) encountered notable withdrawals, leading to a net outflow of $110 million from worldwide Bitcoin investment products. Market volatility has been influenced by geopolitical concerns and the impending Bitcoin halving. The conditional licensing of spot crypto ETFs in Hong Kong has the potential to attract some $25 billion from mainland Chinese investors,