BlackRock is an investment company that offers its services to institutions, intermediaries, foundations, and individual investors.
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.
The BlackRock iShares Ethereum Trust (ETHA) has registered nine consecutive days of inflows, amassing nearly half a billion dollars and reaching $3.7 billion AUM.
A trader purchased 3,000 call option contracts for BlackRock’s iShares Bitcoin Trust (IBIT) at a $77 strike price, indicating expectations of a 28% rally by June end.
BlackRock’s Bitcoin ETF (IBIT) dominated the US Bitcoin ETF market with $410 million in inflows on May 15.