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BlackRock Acquires 5% Stake in Strategy Amid Growing Bitcoin Exposure
BlackRock, the world-renowned investment management corporation, continues to make significant moves in the financial markets. Recently, the firm has bolstered its position in Strategy by acquiring a substantial total stake of 11.26 million shares. This investment is now valued at over $3.67 billion based on prevailing market prices, highlighting not only BlackRock’s confidence in the…
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BlackRock to Launch Bitcoin Exchange-Traded Product in European Market, According to Report
In recent months, there has been a remarkable shift in the landscape of cryptocurrency investments, largely fueled by the growing interest from institutional players. One of the most noteworthy developments has been the successful launch of a U.S.-based spot Bitcoin exchange-traded fund (ETF) by BlackRock. This milestone has not only underscored the potential of Bitcoin…
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Nasdaq Submits Request for In-Kind Redemptions of BlackRock’s Spot Bitcoin ETF
BlackRock, Inc., a leading global investment management firm, has been a pivotal player in the financial services industry since its inception in 1988. With its headquarters located in New York City, BlackRock has grown to become one of the largest asset managers in the world, overseeing trillions of dollars in assets for a diverse range…
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Nasdaq Seeks Approval to Modify BlackRock’s Bitcoin ETF for In-Kind Redemptions
Nasdaq has recently embarked on a significant initiative involving BlackRock, one of the world’s leading asset management firms, as they explore potential modifications to a proposed exchange-traded fund (ETF) linked to spot Bitcoin. This pursuit is particularly noteworthy in the context of the evolving cryptocurrency market and the increasing institutional interest in digital assets, driven…
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Securitize suggests using BlackRock BUIDL fund as collateral for Frax USD.
BlackRock’s US dollar Institutional Digital Liquidity Fund, as reported by RWA.XYZ, currently manages approximately $549 million in assets. This signifies a notable presence in the financial market, reflecting investor confidence in the fund’s performance and BlackRock’s reputation as a leading asset management firm. The robust asset under management (AUM) of the Digital Liquidity Fund underscores…
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BlackRock’s New Bitcoin ETF Exceeds $10B in Assets Under Management (AUM) Quicker Than Any Other ETF So Far
BlackRock’s iShares Bitcoin Trust (IBIT) has recently exceeded $10 billion in assets under management (AUM), showcasing a rapid growth trajectory in the cryptocurrency investment landscape. The latest data from CoinGlass reveals that IBIT has confidently crossed this significant milestone, solidifying its position as a key player in the increasingly popular cryptocurrency ETF market. This achievement…
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Spot ETFs Drive $4 Billion Volume in Bitcoin ETF Market, Accounting for $3 Billion
Bitcoin ETFs experienced significant trading volume, surpassing $4 billion, as reported by live data from CoinGlass at 11:30 p.m. UTC. Out of this total, around $3.11 billion was attributed to nine spot Bitcoin ETFs. Among these, the five spot Bitcoin ETFs with the highest trading volumes were the Grayscale Bitcoin Trust, with $1.83 billion, and…
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Bitwise Unveils $200 Million Seed Fund for Bitcoin ETF in Updated S-1 Filing
Bitwise, a leading provider of cryptocurrency investment solutions, has made an updated filing with the Securities and Exchange Commission (SEC) regarding its spot Bitcoin exchange-traded fund (ETF). The filing reveals plans for a significant $200 million seed investment for the ETF, positioning Bitwise as a major player in the cryptocurrency investment market. This $200 million…
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SEC Engages in Fresh Discussions with BlackRock and Grayscale Regarding Ongoing Bitcoin ETF Negotiations
The U.S. Securities and Exchange Commission (SEC) has recently held meetings with two prominent financial firms, Grayscale and BlackRock, as part of its ongoing review process for Bitcoin exchange-traded fund (ETF) applications. The meetings, which took place on December 19, 2023, are significant in the context of the continuous discussions surrounding the possibility of approving…
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BlackRock gives sneak peek of AI co-pilot; participates in important SEC meeting about immediate Bitcoin ETF
This week, BlackRock, the world’s largest asset manager, has made notable progress in its artificial intelligence (AI) and Bitcoin ETF initiatives as it approaches the end of the year. An article published by Pensions & Investments on December 14 reported that BlackRock has unveiled an AI tool, referred to as a “copilot,” in a private…
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Nayib Bukele Asserts Gains on El Salvador’s Bitcoin despite Contrary Data on Losses
El Salvador president Nayib Bukele, who recently began a six-month leave from office in order to focus on his reelection campaign, has stated that El Salvador’s Bitcoin (BTC) investment has turned profitable due to Bitcoin’s recent surge past $41,000. Bukele wrote, “El Salvador’s Bitcoin investments are in the black. With the current Bitcoin market price,…
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Bitwise and BlackRock Amend Filings in Quest for First U.S. Bitcoin ETF
Bitwise and BlackRock, two prominent asset management firms, are making significant progress in their pursuit of offering a spot Bitcoin exchange-traded fund (ETF). Both companies have recently submitted amended filings to securities regulators, signaling their determination to bring the first U.S. spot Bitcoin ETF to the market. Bitwise, in an effort to comply with regulatory…