Is BlackRock subtly gaining control of Ethereum with 2 million ETH?
BlackRock is taking subtle yet determined steps in the crypto space, solidifying its presence after initially dominating the Bitcoin market. Now, it’s making significant moves in Ethereum as well, with the Etha ETF seeing impressive growth in its holdings. But what’s really driving this institutional pivot towards Web3? Simply put BlackRock holds 2,001,081 ETH, representing […]
Bitcoin ETF from BlackRock outperforms its main S&P 500 fund
A recent report highlights that BlackRock, known as the largest asset manager globally, is pulling in more annual fees from its Bitcoin Exchange-Traded Fund (ETF) than from its flagship S&P 500 fund. “The IVV fund has surpassed IBIT in annual fees, indicating a surge in investor interest toward Bitcoin and a notable drop in core […]
BlackRock and Goldman Reveal Several ETF Closures
BlackRock Inc. and Goldman Sachs Group Inc. have made recent moves by closing several funds that focus on environmental, social, and governance (ESG) criteria, impacting their exchange sales. According to reports, BlackRock has shut down eight exchange-traded funds (ETFs) with total assets approximating $109 million. This action comes from a New York-based asset management firm, […]
Bitcoin: BlackRock Now Owns 3.25% Of The Global Supply And This Is Only The Start
The growth of Bitcoin ETFs is accelerating significantly. Recently, through the IBIT fund, BlackRock has acquired 3.25% of Bitcoin’s circulating supply, which strengthens its influence in the market. Let’s delve into this further. Simply put BlackRock controls 3.25% of Bitcoin through its ETF, boosting the institutional dominance in the market. While Bitcoin trading is largely […]
BlackRock acquires $1.4B in Bitcoin during a six-day period amid ETF surge
BlackRock Expands Bitcoin Portfolio with Major Investments Investment firm BlackRock is significantly increasing its Bitcoin portfolio, injecting billions into the cryptocurrency market. On June 17th, BlackRock acquired $250 million in Bitcoin (BTC), as reported by Arkham Intelligence. This purchase is part of a larger trend that has accumulated to $1.4 billion over six consecutive days. […]
Hebbia’s founder is assisting BlackRock, KKR, and the Air Force in adopting AI
George Sivulka’s AI Startup Revolutionizes Business Efficiency At just 27, George Sivulka has made quite a mark as the founder and CEO of Hebia, an AI platform designed to help organizations manage their overwhelming data. Since launching in 2020, Hebia has attracted a range of high-profile clients, including BlackRock, KKR, the US Air Force, Centerview […]
BlackRock Will Eventually Submit an XRP ETF Application, Says ETF Store President
BlackRock and the XRP ETF: Insights from Nate Geraci According to Nate Geraci, the President of ETF Store, he strongly believes that BlackRock will eventually submit an application for the XRP ETF. In his recent remarks, he noted that BlackRock has been at the forefront of Bitcoin and Ethereum ETFs, so it seems logical for […]
BlackRock taken off Texas investment blacklist after changing ESG policies
BlackRock Removed from Texas Investment Blacklist BlackRock has been taken off Texas’s investment blacklist, a decision tied to its relatively controversial climate commitments. This change, announced by Texas Secretary Glenn Heger on Tuesday, lifts a three-year ban that barred state pension and investment funds from partnering with the asset manager due to its environmental, social, […]
BlackRock Sells $561 Million in Bitcoin to Purchase Ethereum
BlackRock, the largest asset manager globally, is making waves again in the crypto world, this time by selling Bitcoin to purchase Ethereum. Recent on-chain data indicates that over the past few days, BlackRock has started to liquidate part of its Bitcoin holdings via the Coinbase Prime Institutional Platform. Specifically, BlackRock’s recent BTC sales involved 300 […]
Federal support for Republican states in climate lawsuit against BlackRock and major investment firms
Federal Antitrust Agencies Back Allegations Against Asset Managers On Thursday, federal antitrust regulators voiced their support for claims by several Republican-led states. They have accused major property managers—BlackRock, Vanguard, and State Street—of allegedly colluding to cut down coal production via climate-related actions, according to two sources who are aware of the situation. The Department of […]