Texas divests $8.5 billion from BlackRock, citing firm’s ‘destructive’ ESG push
The state of Texas notified investment management firm BlackRock on Tuesday of its plans to cancel an $8.5 billion investment, citing the company’s “disruptive” environmental, social and governance initiatives. fox business report. Texas State Board of Education Chairman Aaron Kinsey told news outlets that the Texas Permanent School Fund, which previously invested in BlackRock, will […]
Texas Schools Pull $8.5B From Blackrock Over ESG Investigation
BlackRock Posts 22 Percent Increase in Quarterly Profits NEW YORK, NY – JANUARY 16: A sign is posted at BlackRock’s offices on January 16, 2014 in New York City. BlackRock reported a 22% profit increase in its most recent quarterly earnings report. (Photo by Andrew Barton/Getty Images) OAN’s Avril Elfie3:30pm – Wednesday, March 20, 2024 […]
Texas schools pull $8.5 billion from BlackRock over fossil fuel ‘boycott’
Texas public schools are withdrawing billions of dollars invested in BlackRock, an asset manager the state accuses of boycotting fossil fuels. On Tuesday, State Board of Education Chairman Aaron Kinsey (R) announced that the board had divested $8.5 billion from BlackRock’s operations. The company’s “overwhelming and enduring leadership” in the environmental, social, and governance (ESG) […]
Texas yanks $8.5B from Larry Fink’s BlackRock in ‘massive blow against the scam of ESG’
The state of Texas is cutting off a massive $8.5 billion investment in multitrillion-dollar asset manager BlackRock, citing the state’s determination that the company is involved in a boycott of energy companies. In an announcement first shared with FOX Business, Texas State Board of Education Chairman Aaron Kinsey said the so-called Texas Permanent School Fund […]
Texas Divests $8.5 Billion from BlackRock over Anti-Fossil Fuel Policies
Texas announced Tuesday it would sell $8.5 billion from asset management giant BlackRock over the company’s anti-fossil fuel policies. Republican State Board of Education Chairman Aaron Kinsey Said The $53 billion Texas Permanent School Fund (PSF) has issued a formal notice to BlackRock that it is “terminating financial management of approximately $8.5 billion in Texas […]
BlackRock Bitcoin ETF now holds more BTC than MicroStrategy – Cointelegraph
BlackRock’s Spot Bitcoin exchange-traded fund (ETF) has surpassed MicroStrategy’s crypto holdings. According to data compiled by BitMEX Research, BlackRock’s IBIT hold Approximately 40 trading sessions have taken place since the Securities and Exchange Commission approved nine new funds on January 10th, with 197,943 Bitcoins valued at over $13.5 billion as of March 8th. Excluding Grayscale’s […]
Bitcoin rally pushes BlackRock ETF over $10bn in record time – Financial Times
Stay informed with free updates Just sign up for Exchange traded investment trust myFT Digest — delivered straight to your inbox. BlackRock’s Bitcoin exchange-traded fund has reached $10 billion faster than any U.S. ETF in history, boosted by a bull market that continues to send the world’s largest cryptocurrency to record heights. BlackRock’s iShares Bitcoin […]
BlackRock Bitcoin ETF Sets New Record With $3.8 Billion In Trading Volume – Decrypt
BlackRock’s new Bitcoin fund is so popular that the iShares Bitcoin Trust (IBIT) today set a new trading day record, attracting nearly $3.8 billion in volume. nasdaq data show IBIT’s trading volume was $3.75 billion, breaking the previous record of $3.3 billion set just last week. This trading action comes after Bitcoin prices hit new […]
SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals – Cointelegraph
The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve or deny BlackRock and Fidelity’s Spot Ether (ETH) exchange-traded fund (ETF). Separately March 4th Documents to be submittedthe SEC announced that its decision on BlackRock’s iShares Ethereum Trust and Fidelity Ethereum Fund applications will be delayed. The SEC first deferred a decision […]
BlackRock and Fidelity Capitalize on FOMO From Bitcoin ETF Mania – Yahoo Finance
(Bloomberg) — Bitcoin’s breakneck rally has generated record inflows into spot Bitcoin ETFs, solidifying the new asset class’s popularity with investors. Most Read Articles on Bloomberg BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ WiseOrigin Bitcoin Fund (FBTC) to become the “Newborn Nine” received 79% of the total inflow amount. Directly in Bitcoin — since […]