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 Bitcoin ETF now holds 706,000 BTC, with assets under management having now crossed $80 billion in the latest milestone.
Spot Ethereum ETFs recorded over $211 million in inflows on Wednesday, the highest in a month, with BlackRock leading as ETH price eyes a breakout above $3,000.
Institutional inflows held Bitcoin close to its all-time high in June while the market saw pressure from different sides.