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.
Institutional and corporate players are now paying more attention to Bitcoin.
US spot Bitcoin ETFs have hit a milestone of $100 billion in assets under management (AUM), fueled by strong inflows and a surge in Bitcoin price to $98,000.
Institutional adoption of Bitcoin continues to accelerate, as evidenced by the substantial inflows into spot Bitcoin ETFs. These products have emerged as a regulated and secure gateway for institutions seeking exposure to the crypto market.