In Brief BlackRock expands its BUIDL fund to Aptos, Arbitrum, Avalanche, Optimism, and Polygon, enhancing blockchain-based accessibility. BUIDL’s multi-chain approach offers on-chain yield, flexible custody, 24/7 transfers, and integration opportunities for developers. BlackRock’s digital strategy, including IBIT Bitcoin ETF and tokenized funds, bridges traditional finance with digital asset technology. BlackRock, the world’s largest asset manager,…
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In Brief BlackRock’s Bitcoin ETF, IBIT, now surpasses its gold ETF, with record inflows amid a market rally. Trump’s election and Fed rate cuts fuel IBIT’s meteoric rise, intensifying Bitcoin’s status as “digital gold.” Bitcoin ETFs saw $1.38 billion in inflows, with BlackRock’s IBIT capturing $1.1 billion, far outpacing competitors. Trading data reveals that BlackRock’s…
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iShares Bitcoin Trust also added ABN AMRO Clearing and UBS Securities in the new prospectus. BlackRock, the world’s largest asset manager, has today updated the list of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT. The ETF, which has been live since January 11, 2024, allows investors to gain exposure to Bitcoin…
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In Brief BlackRock shows strong preference for Bitcoin over Ethereum among its clients, with “very, very little” interest in an Ethereum ETF. Robert Mitchnick, Head of Digital Assets, shared insights at the Bitcoin Investor Day, indicating Bitcoin remains the primary focus. Challenges with Ethereum underscore the complexities of digital asset management, influencing BlackRock’s cautious approach.…
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BlackRock’s BUIDL wallet has received memecoins donation from the crypto community. Asset management firm BlackRock selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to BlackRock: “BUIDL seeks to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each…
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In Brief BlackRock’s iShares Bitcoin Trust ETF (IBIT) has swiftly amassed 196,065 BTC, surpassing MicroStrategy’s holdings. This milestone underscores the growing demand for spot Bitcoin ETFs, highlighting unprecedented BTC accumulation. Bitcoin’s pice briefly surged to a new all-time high of nearly $70,000 driven by the high demand for Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust ETF’s…
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In short Resource the board firm BlackRock supposedly had a new gathering with the US Protections and Trade Commission (SEC). This comes in the midst of continuous discussions and deferrals from the SEC over BlackRock’s Bitcoin trade exchanged reserve (ETF), with a result yet to be given. Bloomberg examiner James Seyffart has given data, which…
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In a word BlackRock proceeds with its forceful extension in Asia with a joint endeavor with Jio Monetary Administrations. The new pursuit will offer speculation amazing chances to India’s populace of 1.4 billion individuals. In any case, BlackRock’s new history isn’t liberated from debate or dread, uncertainy, and question (FUD). BlackRock proceeds with its forceful…
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Briefly if approved, BlackRock’s spot Bitcoin ETF could revolutionize the cryptocurrency industry. The crypto community has responded positively to the news, but there is still skepticism. The SEC’s potential approval of the ETF, according to some analysts, would open the door for more established financial institutions to enter the market. After weeks of doom and…
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