NYC comptroller calls for city pensions to withdraw $42bn mandate from BlackRock
NYC Finance Official Calls for Divestment from BlackRock New York City’s finance chief has urged three of the city’s largest pension funds to cut ties with BlackRock, which manages over $42 billion, in an effort to leverage their market power to combat climate change. City Auditor Brad Lander highlighted on Wednesday that BlackRock, along with […]
NYC Comptroller Brad Lander advises pension funds to sever connections with BlackRock
Brad Lander Calls for Pension Funds to Cut Ties with BlackRock As his term as New York City’s comptroller comes to an end, Brad Lander is urging three major pension funds to part ways with BlackRock. He argues that the world’s largest asset manager isn’t doing enough in the fight against climate change. Lander, who […]
BlackRock Bitcoin ETF Experiences Unprecedented Daily Loss of $523 Million as BTC Price Decline Deepens
Simply put IBIT saw a staggering loss of $1.4 billion over just five business days, marking its largest loss in its 22-month existence. As the largest Bitcoin spot ETF, IBIT manages assets exceeding $73 billion. Notably, there were no outflows for nearly the first four months since its establishment. On Tuesday, BlackRock’s iShares Bitcoin Trust […]
Ethereum Serves as the Foundation for Wall Street, According to Former BlackRock Executive
Joseph Chalom’s Vision for Ethereum Joseph Chalom is diving into Ethereum, viewing it as more than just another blockchain. He’s convinced that this could be the backbone that Wall Street will eventually leverage. Chalom, who serves as co-CEO of Sharplink and was once the head of digital assets at BlackRock, points to attributes like trust, […]
Bitcoin Whales Transfer $3 Billion to BlackRock ETF Following SEC Rule Change
This strategy enables investors to keep exposure to Bitcoin while gaining access to a broader array of investment and lending options. Many large Bitcoin holders are shifting their assets into exchange-traded funds (ETFs), and BlackRock is encouraging this transition. So far, over $3 billion has been moved into the iShares Spot Bitcoin ETF (IBIT). Robbie […]
Bitcoin whales silently adopt BlackRock ETF after SEC rule update.
Bitcoin Whales Shift Towards ETFs Large holders of Bitcoin, often referred to as whales, who acquired the cryptocurrency during its early days, are increasingly converting their assets into exchange-traded funds (ETFs). Companies like BlackRock are actively seeking out these investors. In a discussion with Bloomberg, Robbie Mitchnick, head of digital assets at BlackRock, shared that […]
Wealthy Investors Are Purchasing a BlackRock ETF That Might Rise by as Much as 825%, According to Wall Street Analysts
Billionaires Invest in Bitcoin Trust Amid Price Surge With predictions suggesting Bitcoin might soon reach $1 million, several billionaire hedge fund managers are boosting their investments in the iShares Bitcoin Trust. Bitcoin’s appeal mostly lies in its remarkable potential for growth, but it also offers advantages like diversification and some protection against market downturns. Notable […]
Bitcoin ETPs from BlackRock, 21Shares, Bitwise, and WisdomTree Listed on London Stock Exchange
BlackRock Launches Bitcoin ETP in London On Monday, BlackRock introduced a Bitcoin exchange-traded product (ETP) on the London Stock Exchange. This marks a significant moment, especially since several similar offerings have emerged following the Financial Conduct Authority’s decision to lift the retail investment ban that was in place since 2021. The newly launched iShares Bitcoin […]
BlackRock marks rapid growth of bitcoin ETFs hitting $100B
Investors are increasing their focus on various assets, and the ETF sector is taking the lead, possibly setting records this year. BlackRock, the leading asset management firm with $10 trillion in assets, achieved a significant milestone by highlighting its ownership of some of the fastest-growing exchange-traded funds ever seen. “This year, our digital asset ETPs […]
BlackRock expands its cryptocurrency efforts with a revamped offering for stablecoin issuers
BlackRock, a major player in the investment world, is intensifying its focus on the stablecoin sector, as the company revealed to CNBC. This initiative, expected to be publicly announced soon, reflects a strategy to take advantage of the ongoing growth in cryptocurrency markets. With an impressive $13.5 trillion in assets under management, BlackRock has revamped […]