BlackRock

Ethereum ETF Hopes: BlackRock CEO & Advocates Speak
Ethereum

Ethereum ETF Hopes: BlackRock CEO & Advocates Speak

BlackRock remains hopeful about an Ethereum exchange-traded fund (ETF) hitting the market, even if regulators classify Ethereum as a security rather than a commodity. Larry Fink, the CEO, voiced this confidence as the Securities and Exchange Commission nears its May deadline to decide on applications from eight issuers seeking approval for such an ETF product. […]

Mar. 29, 2024
Bitcoin ETFs Record $15M in Net Inflows as BTC Surges to $71K
Bitcoin

Bitcoin ETFs Record $15M in Net Inflows as BTC Surges to $71K

The net aggregate flow of funds to the spot Bitcoin (BTC) exchange-traded funds (ETFs) turned positive for the first time since March 15. According to provisional data published by investment firm Farsid, spot BTC ETFs registered inflows totalling $15.4 million on March 25. This marks a reversal of a trend that led to net outflows […]

Mar. 26, 2024
Bitcoin ETF Outflows Stabilizing as BlackRock Keeps Buying
Bitcoin

Bitcoin ETF Outflows Stabilizing as BlackRock Keeps Buying

The recent net outflows from Bitcoin ETFs appear to stabilize, even as redemptions persisted for five days as of March 23, 2024. However, the outflow magnitude moderated due to continued Bitcoin accumulation from institutional giants like BlackRock. According to analyst Thomas Fahrer, the world’s biggest asset manager, BlackRock, bought 12,500 bitcoins this week. Many experts […]

Mar. 24, 2024
BlackRock Deposits $100M USDC, Gains Memecoins & NFTs
Blockchain

BlackRock Deposits $100M USDC, Gains Memecoins & NFTs

In a surprising turn, asset management giant BlackRock has emerged as a notable player in cryptocurrency and nonfungible tokens (NFTs), acquiring a substantial portfolio worth at least $40,000 in memecoins and NFTs. The revelation came to light after vigilant observers tracked transactions to one of BlackRock’s wallets associated with a new tokenization fund. Data shows a […]

Mar. 21, 2024
Stanford’s Blyth Fund Invests 7% Portfolio in Bitcoin
Bitcoin

Stanford’s Blyth Fund Invests 7% Portfolio in Bitcoin

Stanford University’s student-run Blyth Fund has made a major investment in Bitcoin, allocating almost 7% of its portfolio to Bitcoin. Kole Lee, a Computer Science Major and a prominent figure in the Stanford Blockchain Club announced the decision on March 5. This followed his compelling pitch to the fund in February. Stanford Endowment has bought […]

Mar. 5, 2024
Grayscale’s Bitcoin Holdings Witnesses 33% Drop Since ETF Conversion
Bitcoin

Grayscale’s Bitcoin Holdings Witnesses 33% Drop Since ETF Conversion

Grayscale, the world’s largest crypto asset manager, has witnessed a significant decline in its Bitcoin (BTC) holdings since converting its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF) in mid-January.  According to BitMEX Research data shared on Tuesday, GBTC saw its 36th day of straight outflows on March 4, with 5,450 BTC or $368 […]

Mar. 5, 2024
Grayscale’s Spot Bitcoin ETF Sees Record Low Outflows of $22M
Bitcoin

Grayscale’s Spot Bitcoin ETF Sees Record Low Outflows of $22M

On Feb. 26, Grayscale’s spot Bitcoin (BTC) exchange-traded fund (ETF) experienced its third consecutive trading day of declining net outflows, reaching a record low of $22.4 million. According to data from Farside Investor, GBTC had three back-to-back days of slowing net outflows on Feb. 22, 23, and 26.  The week concluded on Feb. 23 with […]

Feb. 27, 2024
BlackRock’s IBIT Bitcoin ETF Suppresses $2B AUM in Just Ten Days
Bitcoin

BlackRock’s IBIT Bitcoin ETF Suppresses $2B AUM in Just Ten Days

BlackRock’s iShares Bitcoin ETF (IBIT) has become the first of the recently launched spot Bitcoin ETFs to reach an impressive $2 billion in assets under management (AUM) in just 10 days of trading, as reported by Bloomberg Terminal data. BlackRock currently holds approximately 50,000 BTC through its ETF, making it one of the major holders […]

Jan. 27, 2024
BlackRock Bitcoin ETF Gains Traction in SEC Talks
Crypto

BlackRock Bitcoin ETF Gains Traction in SEC Talks

Blackrock, the world’s largest asset manager, has intensified discussions with the U.S. Securities and Exchange Commission (SEC) regarding its spot bitcoin exchange-traded fund (ETF) application. This marks the fourth meeting between Blackrock and the SEC, with SEC Chairman Gary Gensler signaling a renewed focus on spot bitcoin ETF filings. In a meeting memorandum dated Dec. […]

Dec. 17, 2023