BlackRock

BlackRock’s stance on cryptocurrencies—especially Bitcoin and Ethereum—has lately made headlines. While Ethereum is considered as a “technology bet,” the investment behemoth sees Bitcoin as a “gold alternative.” This point of view captures a major change in the way conventional finance is starting to welcome digital assets. The company’s findings show that people are becoming more and more sure that Bitcoin can protect against inflation, just like gold has in the past. BlackRock’s Chief Investment Officer, Rick Rieder, recently said that…

BlackRock’s US Head of Thematics and Active ETFs, Jay Jacobs, said there is plenty of room for Bitcoin adoption. Jay still estimates a market of Brazilian Real 30 trillion ( ~ $5.4 trillion) in the coming years. The executive attended the Digital Assets Conference in Brazil on Thursday. Mercado Bitcoin promoted the event in partnership with CME Group, Deribit, and Fireblock. BlackRock is the largest fund manager on the planet and one of the first to have authorization and issue…

BlackRock remains steady with its Bitcoin accumulation appetite, growing its portfolio to 363,626 BTC as of Friday, September 27. The asset manager has been bullish on crypto for nearly a decade and does not show signs of stopping. As it grows its Bitcoin holdings, BlackRock is solidifying its place among the most dominant institutional players in the crypto playing field. BlackRock Grows Bitcoin Portfolio With 1,434 BTC Purchase The asset manager bought 1,434 BTC valued at $94.3 million on Friday, bringing…

In less than nine months since the launch of its Bitcoin exchange-traded fund (ETF) following the approval of these investment vehicles by the US Securities and Exchange Commission (SEC), asset manager BlackRock has established itself as the world’s largest Bitcoin fund.  A Tale Of Two Titans In Bitcoin And Ethereum Holdings According to on-chain data from blockchain analysis platform Arkham, BlackRock has aggressively expanded its Bitcoin holdings through its ETF, known as IBIT over the last months.  Despite recent market…

Bitcoin’s classification in the financial ecosystem is highly debatable. Some analysts see it as a stable haven and others as a risky asset. However, Robbie Mitchnick, the head of digital assets at BlackRock Inc., argues that Bitcoin is fundamentally a risk-off asset. BlackRock Executive Talks About Fundamentals of Bitcoin Risk-off assets like gold and government bonds are favored in uncertain times, providing a safe harbor when the economic forecast looks grim. In contrast, risk-on assets, such as stocks, thrive when…

BlackRock, the world’s largest asset manager, is seeking to amend its Bitcoin ETF (IBIT), which has been the top-performing ETF among its peers since launching on January 11. Bitcoin ETFs continue to attract institutional demand, bringing Bitcoin exposure to Wall Street and expanding its reach beyond retail investors. BlackRock Files Bitcoin ETF Amendment In a filing with the US Securities and Exchange Commission (SEC) on September 16, BlackRock requested that Bitcoin withdrawals from Coinbase, which acts as custodian for the…

BlackRock’s iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRock’s Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into the Bitcoin ETF space when the US Securities and Exchange Commission (SEC) approved IBIT in January 2024. Dubbed the world’s largest asset manager with a total asset-under-management (AUM) of $9 trillion, BlackRock’s…

Robbie Mitchnick, Head of Digital Assets at BlackRock, shared insights into the firm’s crypto strategy. BlackRock has been developing its approach for much longer than many might realize. Mitchnick discussed BlackRock’s journey, Bitcoin’s role as an asset, ETFs, and the future of digital assets. A Long Road to Public Adoption Mitchnick revealed that BlackRock’s interest in crypto began as early as 2016, although the firm didn’t consider the asset class “ready for prime time” at the time. This marked the…

BlackRock, the prominent American multinational investment management corporation, has once again emphasized the enduring belief surrounding the Bitcoin potential as a strategic asset. In a recent statement, the firm reiterated a school of thought that has been gaining momentum within the financial world for years. According to the investment company, BTC is a good tool for hedging against increasing global disorder, which might arise from growing distrust in governments, banks, and fiat currencies. Reflecting on this perspective, renowned cryptocurrency analyst…