BlackRock’s Bitcoin exchange-traded fund (ETF) has seen its largest-ever single-day outflow as Bitcoin funds notch a fourth straight trading day of outflows now totaling over $1.5 billion. BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.
Bitcoin has rocketed higher this year in large part due to BlackRock, the world's largest asset manager, putting its $10 trillion weight behind
Leading Bloomberg analyst Eric Balchunas said Monday that Blackrock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) could surpass SPDR S&P 500 ETF Trust (NYSE:SPY) to become the world’s top exchange-traded fund,
U.S.-based spot Bitcoin ETFs have witnessed a sharp reversal in inflows, shedding more than $1.5 billion over a four-day outflow streak.
New research from the world’s largest asset manager argues that Bitcoin offers unique benefits as a portfolio diversifier while sharing a similar risk profile to S&P 500 juggernauts like Google, Amazon,
Bitcoin is a proof-of-work (PoW) system, not a proof-of-stake (PoS) system. It doesn't matter how much bitcoin BlackRock owns; economic nodes hold the real power.
The world’s largest asset manager BlackRock released a video promoting Bitcoin. But hodlers aren’t happy about its disclaimer.
Adam Back clarified that this legal fine print in the video reflects BlackRock’s lack of control over Bitcoin’s decentralized protocol.
BlackRock’s iShares Bitcoin Trust ETF has been a roaring success, smashing records and now managing $53.8 billion in assets. But the world’s biggest asset manager still has a conservative view of the cryptocurrency—and recommends that investors who ...
BlackRock recommends that interested investors consider allocating as much as 2% of their portfolio to bitcoin, the world's largest cryptocurrency, the giant asset manager said in a report on Thursday.
That right there screams to me that Bitcoin is becoming recognized as a legit and established asset class in the eyes of the financial elite, and then eventually the mainstream.
The spike in activity likely stems from "cash-secured" selling of the options by traders who missed the rally in the ETF.