BlackRock

BlackRock, the world’s largest asset manager with over $9 trillion in assets, is positioning Bitcoin as a key tool in navigating growing global financial instability.  Bitcoin as a "Global Monetary Alternative" In its latest statements, BlackRock described Bitcoin as a “global monetary alternative,” emphasizing its potential role in the evolving financial landscape. As geopolitical tensions rise and trust in traditional institutions like governments, banks, and fiat currencies wanes, the company sees Bitcoin as a valuable hedge. According to BlackRock, the…

The post Bitcoin ETFs Face $1 Billion Outflow: Is BlackRock the Only One Staying Strong? appeared first on Coinpedia Fintech News U.S. Bitcoin ETFs are facing a tough time, with seven straight days of big outflows. According to data from SoSoValue, on September 5, 2024, Bitcoin ETFs saw a massive $211.15 million pulled out. Over this losing streak, the total outflow has now passed $1 billion. Fidelity’s ETF (FBTC) has been hit the hardest, with $149.49 million taken out, followed…

The post BlackRock and JPMorgan to Facilitate $1.2 Quadrillion on the XRP Ledger Across Borders. appeared first on Coinpedia Fintech News In a groundbreaking move, Ripple has joined forces with industry giants BlackRock and JPMorgan through its recent membership in the prestigious International Swaps and Derivatives Association (ISDA). This strategic alliance not only paves the way for Ripple’s XRP to be integrated into the $1.2 quadrillion derivatives market but also enhances the CryptoTradingFund (CTF) System, allowing users to earn CTF…

The post BlackRock Is Now The Third Largest Bitcoin Holder With 350,000 BTC! appeared first on Coinpedia Fintech News BlackRock has rapidly expanded its Bitcoin holdings, which now owns close to 350,000 BTC. This makes it the third-largest holder globally, only behind Satoshi Nakamoto and Binance. The massive milestone comes as BlackRock strengthens its position in the cryptocurrency market, driven by the success of its Bitcoin ETFs and increased institutional interest. The iShares Bitcoin Trust, launched by BlackRock earlier this…

The post BlackRock Takes Over Grayscale As The Largest Digital Asset Fund Manager With $22B Holdings appeared first on Coinpedia Fintech News BlackRock has taken over Grayscale as the largest digital asset fund manager in AUM. As highlighted by James Butterfill, BlackRock now holds over $22 billion in crypto, while Grayscale nears $21 billion. Butterfill points to $2.3 billion in outflows from ETHE as a key factor in this transition. Meanwhile, BlackRock has seen significant inflows, with $966 million netted…

The post BlackRock CEO Dumps BLK Shares Worth Over $24 Million! appeared first on Coinpedia Fintech News According to a latest tweet from Jacob King, new SEC filings show that BlackRock CEO Larry Fink just dumped over $24.8 million worth of BLK shares. The sales, which took place on August 6, 2024, were executed in multiple trades, with prices ranging from $840.36 to $850.92. The sale came as part of a series of transactions on the same day, with the…

In a notable development, BlackRock, one of the world’s largest asset managers and ETF issuers, has collaborated with the Nasdaq Stock Market in a move to introduce options for its Ethereum ETF recently approved by US regulators.  2025 Decision On Ethereum ETF Options Proposal The filing with the US Securities and Exchange Commission (SEC) outlines BlackRock’s proposal to amend Options 4, Section 3 to allow for options trading on the iShares Ethereum ETF Trust.  Per the filling, if approved, options…

Bitcoin and the broader crypto market faced a notable price plunge on Monday, with the global crypto market cap losing $100 billion in valuation and total liquidations surpassing $1 billion. Interestingly, despite this so-called ‘Red Monday,’ Eric Balchunas, a Bloomberg Senior exchange-traded fund (ETF) analyst, revealed in a post uploaded earlier today that investors of BlackRock’s crypto fund, IBIT, maintained their holdings without flinching. Unshaken By Market Meltdown According to Balchunas, during this chaotic period whereby panic selling may be…

The post No Sell-Offs from BlackRock, Fidelity, and MicroStrategy: Report appeared first on Coinpedia Fintech News After a blood bath across the cryptocurrency landscape, the market is showing signs of recovery. The top assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have gained an impressive price surge.  In addition to this recovery, the recent post from blockchain security firm Arkham has gained massive attention. BlackRock, Fidelity, and Grayscale remain calm On August 5, 2024, Arkham made a post on X…