BlackRock Now 3rd-Largest Bitcoin Holder with 350,000 BTC
BlackRock’s accumulation of nearly 350,000 BTC marks a strategic shift, now making the company 3rd largest bitcoin holder, fuelled by successful Bitcoin ETFs and growing institutional interest. The success of its Bitcoin-focused ETFs and the increased interest of institutional investors have contributed to BlackRock’s growing presence in the cryptocurrency market, which has led to this […]
BlackRock Bitcoin, Ether ETFs Surpass Grayscale in AUM
BlackRock’s funds now hold a combined $21.22 billion, slightly more than Grayscale’s $21.20 billion. For the very first time in history, the Bitcoin and Ethereum exchange-traded funds (ETFs) offered by BlackRock have now overtaken the ETF offerings provided by Grayscale in terms of assets under management (AUM). BlackRock’s IBIT and ETHA have seen substantial inflows […]
Wisconsin Increases Holdings in BlackRocK Bitcoin ETF
According to a recent SEC filing, the State of Wisconsin Investment Board has raised its holdings in BlackRock’s iShares Bitcoin Trust. The State of Wisconsin now owns about 2.9 million shares of BlackRock’s iShares Bitcoin, according to a U.S. SEC filing dated August 14—a trust with a $99.1 million approximate value. With the addition of […]
Wells Fargo To Offer Bitcoin ETFs Following Morgan Stanley
Wells Fargo is also considering allowing advisors to offer Bitcoin ETFs, responding to increasing customer demand for Bitcoin investments. Beginning on Wednesday, investment advisors working for Morgan Stanley, a global asset management firm with a total value of $1.3 trillion will begin offering spot Bitcoin exchange-traded funds (ETFs) to their clients. In an effort to […]
BlackRock’s ETHA Amasses Nearly $900M Days After Launch
BlackRock’s spot Ether exchange-traded fund, also known as ETHA, has increased in its total inflows to about $869.8 million since its launch on July 23. Investors sought to capitalize on Ether’s 18% price decline on August 5, marking the third-largest flow day for the iShares Ethereum Trust, according to Farside Investors. According to Nate Geraci, […]