BlackRock

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Huge Outflow on Blackrock’s IBIT Pulls Bitcoin ETFs Into Red Zone

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Bitcoin exchange-traded funds (ETFs) saw a second consecutive day of net outflows, shedding $48 million despite inflows across five funds, dragged down by a large exit from Blackrock’s IBIT. Meanwhile, ether ETFs celebrated a milestone 15th straight day of net inflows. Bitcoin ETFs Post Second Day of Outflows as Ether ETFs Mark 3 Weeks of … Read more

Blackrock’s Tokenized Money Market Fund BUIDL Tops $10M in May Dividends

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BUIDL paid more than $10 million in dividends in May, marking its highest monthly payout to date. BUIDL Tops $43.4M in Dividends Since Launch BUIDL, or the Blackrock USD Institutional Digital Liquidity Fund, is an asset manager’s first tokenized money market fund, created in partnership with Securitize. The fund brings traditional money market exposure—U.S. Treasury … Read more

Vance Champions Bitcoin in Vegas, Trump Media Secures $2.5B to Buy Bitcoin, and More — Week in Review

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Vance champions Bitcoin at Las Vegas Conference, Trump Media secures $2.5B to buy bitcoin, Blackrock warns of quantum hack risk, and more in this Week in Review. Week in Review U.S. Vice President J.D. Vance announced the end of “Operation Chokepoint 2.0” and voiced strong support for Bitcoin at a Las Vegas conference, while Trump … Read more

Report: Blackrock Eyes 10% Stake in Circle’s IPO

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Blackrock Inc. intends to acquire roughly 10% of the shares offered in Circle Internet Group Inc.’s upcoming initial public offering (IPO). Bloomberg first reported the news, citing people familiar with the matter. The move positions the world’s largest asset manager at the center of a high-profile public debut linking Wall Street with digital assets. The … Read more

Blackrock’s Updated Bitcoin ETF Prospectus Reveals Hidden Danger: Quantum Hack Risk

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A freshly revised prospectus for Blackrock’s Ishares Bitcoin Trust (IBIT) now includes a cautionary note that the advent of powerful quantum computing—and related developments—could render Bitcoin’s foundational cryptographic safeguards “becoming ineffective.” Blackrock Flags Quantum Computing Risk This week, the debate around quantum computing and Bitcoin has reignited within the crypto sphere, with renewed speculation over … Read more

Behind the Curtain: Inside the Top Hedge Funds Loading up on IBIT and FBTC

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The latest data shows that after this week’s spot bitcoin exchange-traded fund (ETF) inflows, Blackrock’s IBIT has amassed 655,570.77 BTC, while Fidelity’s FBTC accounts for 200,712.72 BTC. At the same time, a number of the globe’s most powerful financial institutions have stacked up sizeable positions in these ETFs—below is a breakdown of the top hedge … Read more

Wall Street 2.0: Tokenized Treasuries Top $7B as Blackrock’s BUIDL Nears $3B

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Tokenized U.S. Treasury bonds have officially surpassed $7 billion in aggregate value, gaining an additional $54 million over the course of the past week. Several top-tier funds have been accelerating in growth, delivering double-digit percentage returns throughout the past month, while Blackrock’s BUIDL stands a mere $101 million away from reaching the $3 billion benchmark. … Read more

SEC Begins Proceedings on Blackrock Bitcoin ETF Over In-Kind Creation Model

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The SEC has launched proceedings to assess Nasdaq’s proposed rule change that would allow in-kind creations and redemptions for Blackrock’s Bitcoin ETF. SEC Reviews Nasdaq’s In-Kind Rule Change for Blackrock Bitcoin ETF The U.S. Securities and Exchange Commission (SEC) issued an order on May 13 to commence proceedings that will determine whether to approve or … Read more