BlackRock

The post NVIDIA-Backed CoreWeave Raises $7.5BIn Funding Round; Blackrock Leads appeared first on Coinpedia Fintech News The Nvidia-backed CoreWeave, an AI cloud-computing startup has made headlines after it raised a whopping $7.5 billion, with Blackstone Inc. leading the financing round for CoreWeave, including Coatue, Carlyle, and BlackRock among other investment giants. It aims to boost its investment in cloud data centers amid a worldwide push for developing and pioneering AI technology taking its AI journey to new heights. Investors are…

New York-based Pine Ridge Advisers recently invested approximately $205 million in major U.S. Bitcoin spot ETFs, demonstrating the growth of institutional demand for cryptocurrency. Pine Ridge Advisers investment is part of a broader movement where various entities, including banks, corporations, and local governments across the United States, are legally purchasing Bitcoin through these financial instruments. This trend reflects a growing acceptance and interest in BTC among traditional financial institutions. Pine Ridge Advisers Invests $205 Million in 3 Bitcoin ETFs The…

The post BlackRock Poised to Overtake Grayscale as Largest Bitcoin Fund Manager appeared first on Coinpedia Fintech News BlackRock is set to surpass Grayscale as the largest bitcoin fund manager, with its spot bitcoin ETF reaching $16.7 billion in assets in just four months. This rapid growth narrows the gap with Grayscale, which peaked at $28 billion. BlackRock’s shift towards cryptocurrencies reflects the growing demand from clients and the expanding digital asset market, a stark change from the earlier skepticism…

BNP Paribas has entered the arena of digital assets by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). Following regulatory obligations, institutional investment managers, such as BNP Paribas, must file quarterly 13F reports.  Multinational bank BNP Paribas has entered the arena of digital assets by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). According to a recent filing with the U.S. Securities and Exchange Commission (SEC), BNP Paribas acquired 1,030 IBIT shares in the first quarter of 2024, amounting to…

BNP Paribas, Europe’s second-largest bank, has recently acquired significant exposure to BTC through BlackRock’s iShares Bitcoin Trust ETF (IBIT). This strategic purchase positions BNP Paribas ahead of many US wealth and pension funds in adopting Bitcoin-based investment products. Institutions Buy BlackRock Bitcoin ETF BNP Paribas, boasting over $600 billion in assets under management, made a comparatively modest investment of approximately $40,000 in BlackRock’s Bitcoin ETF. Despite the small scale of the investment in terms of the bank’s vast asset pool,…

The post Bitcoin ETFs Reduce Holdings While Blackrock Stalls Purchases appeared first on Coinpedia Fintech News Grayscale has reduced its Bitcoin holdings by 1,328 BTC, valued at approximately $80.7 million, leaving it with 297,118 BTC worth $18.06 billion. Overall, nine ETFs, including Grayscale, collectively reduced their Bitcoin holdings by 1,698 BTC, amounting to a loss of $103.22 million in assets. Blackrock, a key player in the market, has refrained from adding any Bitcoin to its portfolio for four consecutive days.…

Stablecoin issuing company Tether has invested $200 million into Brain-Computer-Interface (BCI) technology platform Blackrock Neurotech, becoming a majority stakeholder in the firm. According to a press statement sent to CryptoPotato, the investment in Blackrock Neurotech was spearheaded by Tether Evo, one of Tether’s new divisions that focuses on creating a future where human capabilities and technology merge in unprecedented ways. Tether Invests $200M in Blackrock Neurotech Tether’s investment in Blackrock Neurotech will fund the launch and commercialization of the company’s…

BlackRock is reportedly seeking a significant overhaul of its board of directors for its flagship spot Bitcoin ETF – IBIT. Effective November 6, 2024, Lindsey Haswell will step into a key role, succeeding Kimun Lee. Haswell currently holds the position of Chief Legal and Administrative Officer at Web3 payment company – MoonPay. BlackRock Appoints Haswell Amidst Three Consecutive Days of 0 Netflows Her extensive background includes similar roles at Blockchain.com and as a founding member of the Core blockchain. Hence,…

BlackRock’s Bitcoin ETF experienced three consecutive days without any new investments. This starkly contrasts other Bitcoin ETF investment products, which saw significant outflows totaling $328 million. The iShares Bitcoin Trust (IBIT) had enjoyed a streak of 71 days with continuous inflows before this recent trend of no new investments. Explaining BlackRock’s Zero Inflows Due to the current zero flow trend, some community members have interpreted it as indicative of diminishing investor interest in Bitcoin. However, Bloomberg ETF analyst James Seyffart…