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BlackRock CEO Larry Fink said tokenization will drive the firm’s ”next wave of opportunity,” predicting that traditional assets will increasingly move onto blockchains over the coming decades. S peaking in an interview on CNBC’s Squawk Box, Fin k said institutions are likely to “start moving away from traditional financial assets by repotting them in a digital manner.” “I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to bonds  — across the board,” he said. ” We look at that as the next wave of opportunity for BlackRock over the next tens of years.” CEO of world’s largest asset manager… “We're just at the beginning of the tokenization of all assets.” Yes, includes ETFs. Larry Fink on his positively evolving attitude towards crypto: “I grow & learn.” Good lesson here. And some of you *still* think crypto i...

South Korea’s Democratic Party Leader, Lee Jae-myung, has vowed to approve spot Bitcoin ETFs (exchange-traded funds) if elected president, as BlackRock’s IBIT ETF notches 16 straight days of net inflows.  Along with the promise to approve Bitcoin ETFs, Jae-myung also announced on May 6 that he would back other pro-crypto measures as part of a broader initiative to provide more investment opportunities for Korea’s youth ahead of the June 3 election. “I will create a safe investment environment so that young people can [build] assets and plan for the future,” Lee said in Korean, according to The Korea Economic Daily. Ruling Party Also Promises To Back Crypto Lee also said that he would legalize spot crypto ETFs, lower transaction fees and put more consumer protection measures in place.  Lee is the favorite to win the upcoming election with 42% support, according to a survey conducted by Korea’s National Barometer Survey. South Korea...

The Blackrock vs JP Morgan Analysis has become a hot topic right now for investors that are actively and carefully looking at financial stocks in the current market environment. As of April 2025, these two financial institutions are trading at quite different price points – with BlackRock sitting at a value of $815.72 and JP Morgan at $216.87. Many investors are, at the time of writing this piece, also trying to decide which of these asset management giants might offer better returns in the months ahead. Also Read: JP Morgan & Goldman Sachs Warn of 6 Market-Crushing Rate Cuts Investment Giants: BLK & JPM Key Metrics and Growth Potential for Smart Investors Source: Watcher Guru Market Position and Financial Strength When looking at the Blackrock vs JP Morgan comparison, one of the first things you’ll notice is that their market capitalization is way different right now. JP Morgan currently maintains a much larger market cap at approximately $573.02 billion, while BlackRock...

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), Optimism (OP), and Polygon (POL). As stated by Securitize chief executive and co-founder Carlos Domingo, “We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization. Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have be...

Asset management titan BlackRock is reportedly in talks with numerous crypto exchange platforms about using its proprietary token BUIDL as collateral for derivatives contracts. According to a new report by Bloomberg, anonymous people familiar with the matter say the world’s largest asset manager is exploring the idea of utilizing BUIDL – the crypto asset related to the firm’s tokenized mutual fund – as collateral for trading derivatives contracts. BUIDL, which launched in March of this year and stands for BlackRock USD Institutional Digital Liquidity Fund, is a tokenized money-market fund designed to offer a stable value of $1 per token built on the Ethereum (ETH) blockchain that offers blue-chip traders yields. Bloomberg says the crypto exchanges BlackRock is in talks with include Binance, the world’s largest crypto exchange by volume, as well as OKX and Deribit. Previously, it was reported that the fund invests in cash, US Treasury Bills, and ...

US spot Bitcoin ETFs (exchange-traded funds) extended their positive inflow streak to eight days after a collective $61.3 million entered the funds on Sep. 30. The fund belonging to asset management giant BlackRock led the way in inflows yesterday with data from Farside Investors showing that its IBIT saw $72.2 million enter its reserves. ARKB And BITB Record Outflows, While Other Funds See No New Flows Fidelity’s FBTC was the only other spot Bitcoin ETF to record net inflows on Monday after investors sent $8.3 million to the fund. Meanwhile, BITB and ARKB  were the only products to suffer net outflows. Data shows that $9.5 million left Ark and 21Shares’ ARKB on Sept. 30. Similarly, $9.7 million was pulled out of Bitwise’s BITB. This is after both of the funds posted net inflows during the two sessions prior to Monday. Good morning, Despite yesterday's price action the Bitcoin ETFs had $61.3 million of positive inflows. Blackrock did $72.2 million. Pri...

Following the monumental approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) in January 2024, including the one created by BlackRock (NYSE: BLK), the investment behemoth has continued buying Bitcoin. As it happens, BlackRock Bitcoin stash has been growing as part of its IBIT iShares Bitcoin Trust ETF, and its total holdings of the maiden cryptocurrency currently stand at 359,278 BTC, worth around $22.9 billion, as per the data retrieved from Apollo Bitcoin Tracker on September 25. BlackRock’s spot BTC ETF holdings in 2024. Source: Apollo Bitcoin Tracker BlackRock Bitcoin purchases intensify It is also worth noting that over the previous day, BlackRock’s spot Bitcoin ETF saw as much as $99 million worth of Bitcoin or 1,548 BTC in inflows, the highest amount in a month as the supply increased from 357,730 BTC on September 23 to 359,278 on September 24. ...

The SEC has officially approved options for BlackRock’s iShares Spot Bitcoin ETF. Options are contracts that grant the right to buy or sell an underlying asset at a certain price. The move is a major one for BlackRock’s clients that already participate in the iShares Bitcoin trust. JUST IN: SEC approves options for BlackRock's spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) September 20, 2024 Options are critical for institutional adoption of Bitcoin, especially with the highly volatile crypto ETFs. Since their launch in January 2024, Bitcoin ETFs have performed extremely well, with BlackRock and Grayscale’s ETFs leading the pack. In March 2024, the success of Bitcoin ETF and large streams of inflows brought BTC to a new all-time high of $73,000. Options could also arrive for Spot Ethereum ETFs. Last month , Nasdaq and BlackRock filed to add options to their ETH fund. However, that deadline is much further away. If approval is granted, it wouldn’t be until Apr...

Rumors have been circulating that Coinbase is issuing Bitcoin IOUs (or “paper Bitcoin”) to BlackRock, which ultimately was manipulating the price of crypto lower. Coinbase CEO Brian Armstrong, as well as other industry experts, quickly put the rumors to bed on Monday, after an X user brought the rumors to light over the weekend. X crypto analyst Tyler Durden accused Coinbase of allowing BlackRock to borrow Bitcoin without providing collateral. This in turn would cause price swings in the asset, allowing BlackRock to manipulate the market and swing prices. Durden’s allegations came following a post from Tron founder Justin Sun on X. Sun described Coinbase’s new wrapped bitcoin product (cbBTC) as “trust me.” The product lacked Proof of Reserves or audits, technically meaning that the product could freeze balances at any time. “Any U.S. government subpoena could seize all your BTC,” Sun said. “There’s no better representation of central bank Bitcoin than this. It’s ...

The world’s largest asset manager BlackRock has reported that it has beaten its third-quarter profit estimates. Although the third quarter of 2023 was profitable for the near-$10 trillion asset manager, the firm saw a sharp drop in net in flows . According to LSEG (London Stock Exchange Group), BlackRock’s profit hit $10.91 per share, beating analyst’s estimates of $8.26. As per LSEG, high investment advisory fees helped the firm stay profitable. Moreover, revenue rose by 5% to $4.52 billion from a year earlier. Also Read: JPMorgan Debuts Blockchain Settlement For BlackRock-Barclays However, despite the rise in profit per share, net in flows fell to $2.57 billion from $16.9 billion last year. Moreover, the asset manager witnessed net out flows of $49 billion. The out flows stem from lower-fee institutional index equity strategies. Additionally, the company noted that one international client in particular was responsible for a whopping $19 billion outflow....

Nomura started its crypto unit last year in September 2022 with the goal of turning it profitable by 2024. Laser Digital Chief Executive Officer Jez Mohideen said that the crypto unit faces the heat of the sector’s turmoil. In an interview with Bloomberg, Mohideen said: advertisement “Our profitability journey may take a bit longer than we forecast a year ago. Volumes have come down, activity has shrunk, regulators’ needs are changing – all these are leading to some delays in our overall journey including profitability.” Soon after the launch of Nomura’s Laser Digital crypto unit, the crypto market suffered the collapse of FTX leading to a major market correction. The crash eroded more than $2 trillion from the cryptocurrency market leading to a major liquidity crunch and regulatory crackdowns worldwide. Nomura Bets on BlackRock Entry Mohideen is optimistic that the growing interest from well-established financial giants such...