Blackrock

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,

BlackRock’s BUIDL fund now offers conversions to USDC stablecoin, enhancing market liquidity

April 12, 2024 1 min read

BlackRock has implemented a novel addition to its BUIDL fund, enabling investors to change their shares into the USDC stablecoin. This enhancement boosts liquidity by utilizing Ethereum’s smart contract technology. This new measure seeks to enhance the efficiency of secondary market transactions. The BUIDL fund offers investors the opportunity to generate profits in U.S. dollars through investments in secure assets such as U.S. Treasury Bills. These assets are represented as

BlackRock CEO Larry Fink sees a promising future for Bitcoin, driving investor interest

March 31, 2024 1 min read

Larry Fink, the CEO of BlackRock, has voiced his belief in Bitcoin, a digital currency that has attracted the market’s attention owing to its transparency and substantial investor interest. This positive outlook arises from Bitcoin’s significant expansion and increased use in the financial industry. Fink’s views have great importance as they exemplify a transition towards accepting crypto in the realm of conventional finance. The unexpected increase in Bitcoin, especially among

IBIT and FBTC Bitcoin ETFs become top picks at BlackRock and Fidelity in record time

March 25, 2024 1 min read

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs, IBIT and FBTC, becoming the leading options in their investment portfolio in less than 50 days. Despite overseeing a diverse portfolio of 420 ETFs, IBIT was responsible for more than 50% of BlackRock’s yearly net inflows. In the same way, FBTC had the highest amount of money coming into Fidelity, garnering five times more capital than any

BlackRock favors Bitcoin over Ethereum, with limited client interest in other cryptos, says executive

March 24, 2024 1 min read

BlackRock, a leading investment firm, has shown moderate interest in Ethereum from its clients, with Bitcoin being the predominant preference. The firm’s head of digital assets, Robert Mitchnick, stated that interest in other crypto is notably lower. Mitchnick also addressed rumors about BlackRock launching an ETF for the memecoin dogwifhat (WIF), admitting he was unfamiliar with the coin. The recent launch of the Bitcoin Bitcoin Fund (IBIT) marked a significant

BlackRock to offer a $100K minimum tokenized fund

March 20, 2024 1 min read

BlackRock, the world’s top asset manager, has announced plans to launch a tokenized investment fund in collaboration with Securitize, a financial services firm. The USD Institutional Digital Liquidity Fund, which requires a minimum investment of $100,000 from external investors, has been submitted to the US Securities and Exchange Commission (SEC). Additionally, the fund will be managed by Securitize Markets, a Miami-based platform for digital assets. Besides, a token representing the

Bitcoin ETFs surge to a record $7.7B in trading, doubling previous highs

February 29, 2024 1 min read

Bitcoin ETFs in the US have set a new trading volume record of over $7.7 billion on February 28, surpassing the previous record of over $4.65 billion set on their launch day. The ETF that contributed the most is BlackRock’s iShares Bitcoin ETF (IBIT). The ETF contributed 43.5% of the day’s total with $3.35 billion in trades, nearly matched the aggregate trading volume of all ten ETFs from the day

BlackRock’s iShares Bitcoin Trust (IBIT) outpaces Grayscale Bitcoin ETF (GBTC) in daily trading volume

February 3, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) has outpaced Grayscale Investments’ Bitcoin ETF (GBTC) in daily trading volume. Blackrock’s IBIT is on the verge of securing an additional $3 billion in investments, whereas GBTC has lost over $5.6 billion since the ETF’s approval. GBTC initially led the new bitcoin ETFs approved on January 11, 2024. However, recent data show that IBIT generated over $300 million in daily sales, outperforming GBTC’s $290 million.

BlackRock’s Bitcoin ETF Reaches $1 Billion AUM Milestone Amid Crypto Market Correction

January 19, 2024 1 min read

BlackRock’s iShares Bitcoin Trust (IBIT) has reached $1 billion in assets under management (AUM) in its first week of trading. This makes BlackRock the first Bitcoin ETF provider to reach this significant AUM milestone. IBIT, which has $1 billion in assets under management, began trading on January 12, indicating strong investor interest in the newly launched bitcoin ETF. Robert Mitchnick, BlackRock’s Head of Digital Assets, expressed enthusiasm for the achievement

BlackRock targets rich baby boomers with simple and clear Bitcoin ETF ads

January 16, 2024 1 min read

BlackRock is making waves in the rapidly expanding market for Bitcoin Exchange-Traded Funds (ETFs) with its understated and straightforward advertising strategy. The company recently launched the iShares Bitcoin Trust ETF (IBIT) and chose a unique approach that stands out among its competitors’ flashy and complex campaigns. Unlike the typical high-energy and visually intricate Bitcoin advertisements, BlackRock’s promotional video is calm and straightforward. A BlackRock executive explains Bitcoin and the newly