Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year

According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s Largest Asset Manager Blackrock … Read more

A Recent SEC Filing Shows the World’s Largest Asset Manager Blackrock Plans to Launch a Metaverse ETF

According to a recent filing, Blackrock, the multi-national investment company based in New York City and the world’s largest asset manager, has plans to create a new exchange-traded fund (ETF) based on metaverse companies. The fund — dubbed the Ishares Future Metaverse Tech and Communications ETF — will track metaverse firms with exposure to virtual … Read more

Bitcoin Price Struggles to Hold Support as Trading Volume Rises

After a bullish rally last week and a weekend of sideways trading, Bitcoin price is struggling to hold the $24k support level this Monday as trading volume shows a substantial increase. Bitcoin is trading at $24,090, with a 24-hour trading volume increase of 50%. Ethereum’s price dipped below $1,900 this Monday, with its market cap … Read more

Bitcoin, Ethereum Prices Test Support After Rally

After showing a significant upside on Saturday, Bitcoin and Ethereum remain flat this Sunday as the crypto assets test support. Bitcoin is trading at $24.5k, while Ethereum holds its price of the high $1,900s. The trading volume for Bitcoin is down 20%, while there’s an even sharper decline of 30% in trading volume for Ethereum. … Read more

World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients

The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock. Blackrock Launches Bitcoin Trust Blackrock, the world’s largest asset manager, has launched “Blackrock bitcoin private trust.” According to a Thursday blog … Read more