Blackrock

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...

Trustly, a Swedish fintech firm backed by BlackRock Inc. (NYSE:BLK) has reported a 51% increase in operating profit for 2023. Despite this, CEO Johan Tjarnberg stated that an IPO is at least two years away. What Happened: Trustly’s revenue for 2023 reached $265 million, with significant...

Cryptocurrency research firm 10x Research raised the chances of the SEC greenlighting the Ethereum (CRYTO: ETH) spot ETF later today to 90%. What Happened: In its latest newsletter, 10x Research deemed the approval a "formality". It noted that an X post by SEC Chair Gary Gensler cautioning...

Ethereum (CRYPTO: ETH) proponents might still be optimistic about a spot ETF approval but analysts tracking the developments increased the odds of a rejection by the SEC. What Happened: Analyzing a March filing submitted by BlackRock Inc. to the SEC over its ETF application, finance lawyer Scott...

Economist Mohamed El-Erian, Chief Advisor at Allianz, raised concerns about the Federal Reserve’s data-dependent approach following the April U.S. jobs report. He suggests it could cause further disruptions in global markets. Red Flags? The April jobs report, released on...