Blackrock

Larry Fink, the CEO of BlackRock Inc., has projected that the U.S. Federal Reserve will not reduce interest rates as significantly as the market anticipates, citing high “embedded inflation.” What Happened: Speaking at a CEO-packed panel in Riyadh, Saudi Arabia, Fink, who manages a...

Larry Fink, CEO of the world’s largest asset manager, BlackRock Inc. (NYSE:BLK), said that the future of cryptocurrencies, including Bitcoin (CRYPTO: BTC), will not be influenced by the outcome of the upcoming presidential election. What Happened: During the company's recent third-...

The U.S. Securities and Exchange Commission (SEC) has given the green light for the listing and trading of options for BlackRock Inc.’s (NYSE:BLK) spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). What Happened: The approved options will be listed on the Nasdaq under the ticker symbol...

In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. (NYSE:BLK) strategically advocated for Bitcoin (CRYPTO: BTC) as a safeguard, potentially raising the upside potential of the world’s largest cryptocurrency. What Happened: BlackRock noted concerns about the...

Meet Laurence “Larry” Douglas Fink, the CEO of BlackRock, one of the most powerful companies in the world. At 71, Fink has built a financial empire managing approximately $10 trillion in assets, including a hefty $20 billion in Bitcoin.  Although relatively low-profile, Larry...

Several large, well-known fund management companies bought shares of Trump Media & Technology Group (NASDAQ:DJT) in the second quarter, which comes after the Trump co-founded company made its highly anticipated debut in March. What Happened: New 13F disclosures for the second quarter show...

As Wall Street continues to embrace alternative cryptocurrencies, recent developments in the ongoing SEC case against Ripple Labs have once again thrust XRP into the spotlight. With a federal judge imposing a $125 million penalty on Ripple, the company's payment-focused cryptocurrency, XRP, saw a...

Nine spot Ethereum ETFs started trading on U.S. exchanges Tuesday, marking another milestone in the digital assets market. These ETFs, now available on Cboe, NYSE Arca, and Nasdaq, were introduced by major financial firms, including BlackRock, Fidelity, and Grayscale. The new Ethereum ETFs saw...

Jersey City mayor Steven Fulop announced allocating a portion of the city's pension fund to Bitcoin spot exchange-traded funds (ETF,) becoming just the second pension fund after Wisconsin to get exposure to the price moves of the apex cryptocurrency. What Happened: The mayor informed Thursday that...

The rise of Bitcoin exchange-traded funds (ETFs) has transformed how investors approach the cryptocurrency market. Among the leading Bitcoin ETFs, the Grayscale Bitcoin Trust (GBTC) and the iShares Bitcoin Trust (IBIT) stand out, offering distinct advantages and attracting different investor...

Jonathan Ross, the CEO and founder of Groq, a company that specializes in chips for AI and is a rival of Nvidia Corp. (NASDAQ:NVDA), is on the brink of doubling his company’s valuation to $2.5 billion with a new funding round led by BlackRock Inc. What Happened: Groq (not to be confused with ...

U.S.-based Bitcoin (CRYPTO: BTC) spot exchange-traded funds experienced net outflows for the fifth consecutive day, signaling weak investor sentiment in the world's largest digital currency. What Happened: The 11 investment vehicles tracking Bitcoin's spot price saw a net exit of nearly $140...

A BlackRock Inc. executive has suggested that financial advisors are proceeding cautiously with Bitcoin (CRYPTO: BTC) exchange-traded funds after the Securities and Exchange Commission (SEC) approved them in January. What Happened: Samara Cohen, BlackRock’s chief investment officer of ETF and...

In a telling reflection of growing institutional demand for cryptocurrencies, Bitcoin (CRYPTO: BTC) spot exchange-traded funds in the U.S. attracted net inflows for a record-breaking 18th day.  What Happened: The 11 investment vehicles tracking the spot prices of the world's largest digital...

The tokenization of financial assets is transforming investment opportunities for individuals and businesses. By allowing fractional ownership, investors can hold a part of a high-priced asset, such as real estate, rather than purchasing the entire asset. This shared approach divides costs and...