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.
BlackRock was instrumental in the success of spot Bitcoin ETFs, dampening sentiment with its boycott of altcoin ETFs.
The shortlist includes two current Fed governors, a former board member, and two executives from outside the central bank.
BlackRock withdrew $97.63M in Bitcoin and Ethereum from Coinbase Prime while Grayscale deposited $138.06M, signaling potential capital rotation between ETF managers.