US online payments giant has announced collaboration with a venture company to help early-stage entrepreneurs solve major global issues.
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.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $639 million in inflows on June 17, accumulating 6,088 BTC from the open market.
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.
The total net inflows into BlackRock’s IBIT fund surpassed the $40 billion mark as the crypto market sees increased optimism.
Global cryptocurrency exchange-traded products (ETPs) saw $2.9 billion in outflows last week led by Bitcoin, totaling over $3.8 billion across three weeks.
BlackRock has expanded its crypto exposure by adding its iShares Bitcoin Trust (IBIT) to portfolio strategies that allow alternative investments, allocating 1-2% to Target Allocation models.
Bitcoin ETF products have now crossed the $750 billion in volume generated.
Abu Dhabi is now an indirect fund holder after Mubadala Investment bought over $436 million of IBIT.
BlackRock, the world’s largest asset manager, disclosed in a Schedule 13G filing that it now owns over 5% of Strategy (formerly MicroStrategy), totaling approximately 11.2 million shares.
BlackRock’s proposal for in-kind redemption on its spot Bitcoin ETF product is now under review
BlackRock’s move to launch a Bitcoin ETP in Europe signals growing confidence in crypto-based investment vehicles, marking its first offering outside the US and Canada.