Articles in Category BLACKROCK

BlackRock, the world's largest asset manager, has bought another 1,413 bitcoins for over 93 million dollars. This makes BlackRock one of the most important institutional players in the Bitcoin market.

As Arkham Intelligence recently reported, BlackRock – the giant hedge fund with over $10 trillion in assets under management – bought more Bitcoin (BTC) this week than any ETF issuer has sold in the past three weeks. BlackRock bought 388.19 million dollars' worth of Bitcoin over four days to create their own IBIT spot Bitcoin ETF. Read more on U.Today: https://u.today/blackrock-buys-massive-amount-of-bitcoin

The iShares Ethereum Trust ETF (ETHA) is a financial product that gives investors exposure to ether, the second-largest cryptocurrency by market capitalisation and the native token of the Ethereum blockchain. The ETF allows people to invest in ether without buying or managing the cryptocurrency. It is managed by iShares, a BlackRock brand, and tracks ether's market price. This provides a regulated way for traditional investors to invest in cryptocurrencies.

There were some positive developments on the crypto market last week. In particular, the cut in interest rates by the US Federal Reserve (Fed) had a positive effect, with the reduction of 50 basis points leading to several cryptocurrencies rising significantly in price.