BlackRock CEO Teases Feasibility of an XRP ETF
Asset management company BlackRock is piqueing interest in the cryptocurrency community by making vague references to the possible introduction of an exchange-traded fund (ETF) based on XRP. Though the company hasn’t formally announced its intent to file for an instant spot XRP ETF, rumors have increased in response to CEO Larry Fink’s cryptic remarks and […]
Bitcoin ETFs Gained $33 Million, BlackRock Inflow Hits Record Low
BlackRock Bitcoin ETF inflows decelerated to $45.2 million on Tuesday, compared to $33 million in net inflows for spot Bitcoin ETFs. BitMEX Research reports that, as of Tuesday, inflows into most of spot Bitcoin ETFs plummeted due to dwindling liquidity and demand. Grayscale Bitcoin Trust (GBTC) spot Bitcoin ETF outflow has, intriguingly, reached an all-time […]
Blackrock Slashes Byju’s Stake Value by 90% amid Edtech Startup’s Woes
BlackRock, one of the major investors in Byju’s, has cut the value of its holding in the Indian edtech startup by over 90%, reflecting the loss of confidence in Byju’s by its investors. BlackRock, the US asset manager and one of the major investors in Byju’s, has slashed the value of its holding in the […]
BTC Breaks $47,000, VanEck Seeds Bitcoin ETF With $72 Million
At the forefront is the investment firm VanEck, which, as disclosed in its amended S-1 form, has taken decisive action by establishing its potential spot Bitcoin ETF with an initial investment of $72.5 million. On Monday, Bitcoin (BTC), the largest cryptocurrency in the world, surpassed $47,000 as issuers including BlackRock, Fidelity, and others filed updated paperwork with […]
BlackRock Plans Layoffs Amid Spot ETF Approval
The world’s largest money management company, BlackRock, will allegedly announce layoffs affecting 600 workers worldwide, or around 3% of the workforce. With this move, BlackRock is preparing for the Securities and Exchange Commission (SEC) of the United States to approve its spot Bitcoin exchange-traded fund (ETF). Even though the internal description of the layoffs is […]