BlackRock

The launch of Bitcoin exchange-traded funds (ETFs) in January marked a significant milestone. However, financial advisors are approaching these new investment vehicles with caution. BlackRock’s Chief Investment Officer of ETF and Index Investments, Samara Cohen, provided insights during the Coinbase State of Crypto Summit in New York City. Why Financial Advisors Shun Bitcoin ETFs Cohen explained that about 80% of Bitcoin ETF purchases are currently made by self-directed investors using online brokerage accounts. According to last quarter’s 13-F filings, hedge…

The post BlackRock ETFs Increase MicroStrategy’s exposure appeared first on Coinpedia Fintech News As per data from Fintel, 82 ETFs have acquired MicroStrategy shares. The iShares Russell 2000 ETF (IWM) holds the largest position, with 362,846 shares with a substantial 12.02% increase from the previous reporting period. The second largest holder is the iShares Russell 2000 Growth ETF (IWO), which owns 129,094 shares. This reflects a 19.23% increase in share count and a 221.77% rise in value, now reported at…

BlackRock and VanEck have amended its S-1 filing with the SEC for its Ethereum ETF. Erick Balchunas predicts the Ethereum ETFs could be approved by late June or early July. Asset management giant BlackRock has made a significant move in its bid to launch an Ethereum spot ETF. The firm has amended its S-1 filing with the U.S. Securities and Exchange Commission (SEC), signaling progress in the regulatory approval process. The amended S-1 filing from BlackRock disclosed information about its…

BlackRock has updated its S-1 registration statement for a proposed spot, Ethereum ETF, signaling a significant move toward its potential launch. This amendment was filed on May 29, after the SEC approved related 19b-4 listing rule changes on May 23. The updated filing clarifies several initial placeholders, including a $10 million seed capital investment and the structure of in-kind transactions for authorized participants. With the ETF’s ticker set as ETHA, the fund is closer to reality, although the approval timeline…

American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in the world.  BlackRock Overtakes Grayscale  BlackRock iShares Bitcoin Trust has recently become the world’s largest Bitcoin fund, overtaking its primary rival, Grayscale Bitcoin Trust (GBTC).  As of Tuesday, May 28, BlackRock’s Spot Bitcoin ETF held around $19.68 billion in Assets Under Management (AUM), overthrowing Grayscale’s Bitcoin…

BlackRock advances its Ethereum spot ETF, aiming for a July 4th launch. Analysis suggests potential approval within weeks, amid a broader context of SEC approvals for Ethereum ETFs. BlackRock has recently revised its S-1 registration statement for a spot Ethereum ETF, marking significant progress towards its launch. This amendment, filed on May 29, supplements the initial registration from November 2023 and indicates a move closer to approval. Bloomberg analyst James Seyffart suggests through his recent tweet,  that the ETF might…

BlackRock has incorporated its iShares Bitcoin Trust ETF into its Strategic Income Opportunities and Global Bond Funds. This move signifies a significant push toward mainstream Bitcoin adoption by making it accessible to a broader client base globally. BlackRock, a prominent asset management company, has broadened its investment strategy by integrating shares of its Bitcoin ETF, the iShares Bitcoin Trust (IBIT), into its Strategic Income Opportunities Fund and Strategic Global Bond Fund. With initial investments of $3.56 million and $485,000 respectively,…

In a notable shift in the crypto market, BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken Grayscale Bitcoin Trust (GBTC) to become the world’s largest spot Bitcoin exchange-traded fund (ETF). Recent data from SoSoValue shows that IBIT now holds $19.68 billion in Bitcoin (BTC), slightly edging out GBTC’s $19.65 billion. How Grayscale’s GBTC Lost Its Top Spot to BlackRock’s IBIT? This milestone, occurring 96 trading days after the approval of spot Bitcoin ETFs, marks the beginning of a significant era for…

SEC deadline for Ethereum ETF decisions approaches, with Gary Gensler hinting at imminent announcements. SEC has approved eight Ethereum ETFs, signaling a significant regulatory breakthrough. Following CNF’s report that Ethereum has surpassed Mastercard in market capitalization, the focus is now on the SEC as it approaches a critical deadline. Today, the SEC must decide on at least one of the spot Ethereum ETF applications it is reviewing. After a period of minimal communication, the SEC requested that exchanges re-submit their…