Asset management giant BlackRock says it is seeing growing interest in Bitcoin ETFs from institutional players like sovereign wealth funds and pension funds. This comes after a hugely successful debut for BlackRock’s Bitcoin ETF, iShares IBIT, which was approved by the Securities and Exchange Commission earlier this year. BREAKING: Blackrock says “Sovereign wealth funds, pension…
BlackRock’s Bitcoin ETF, IBIT, is now one of the top 10 ETFs of all-time, at least when it comes to maintaining its streak of daily investment inflows. As of Tuesday, April 23, IBIT has seen 70 days of inflows, meaning that the fund has seen a positive increase in its total holdings of the underlying asset,…
BlackRock, the world’s largest asset management firm with over $10.5 trillion in assets under management, has unveiled a series of educational content aimed at explaining Bitcoin, the Bitcoin halving, and its implications, along with insights into its approved spot Bitcoin ETF. “April is packed with rare events this year, with eyes set on the upcoming…
Tzido/iStock via Getty Images Thesis We covered the BlackRock Flexible Income ETF (NYSEARCA:BINC) shortly after its inception almost a year ago. In our original piece, we described the new fund and the intent of the asset manager in a macro environment that was favorable to fixed income funds. We are going to re-visit this name…
The New York Stock Exchange On Wall Street. Matteo Colombo In any given year, there are no guarantees that the stock market will go up. It may even fall in two consecutive years or even three consecutive years (as was the case in 2000-2002). Fortunately, the brilliance of capitalism is that the markets can’t be…
David Tran Introduction There aren’t many financial stocks that readers bring up as often as BlackRock (NYSE:BLK), the financial giant that has become one of the titans of the modern financial world. It’s no surprise that readers keep bringing up this stock: It is the biggest ETF provider in the world, even beating Vanguard. While…
BlackRock CEO Larry Fink has made bullish remarks about Bitcoin today on Fox Business, stating that their spot Bitcoin ETF, $IBIT, is experiencing unprecedented growth, making it the fastest-growing ETF ever. JUST IN: BlackRock CEO Larry Fink says their spot #Bitcoin ETF "is the fastest growing ETF in the history of ETFs." 🚀 pic.twitter.com/J6g7XrYWCU —…
NicoElNino/iStock via Getty Images Thesis The BlackRock Short Duration Bond ETF (BATS:NEAR) is a fixed income exchange traded fund. We have covered this name before extensively, with the last article dealing with the mandate change for the fund: On September 29, 2023, iShares filed to change the investment policy and fund name for the BlackRock…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin has had another period of intense and record-breaking success, spurred on both by positive developments…
8vFanI Business Development Companies, BDCs, have had a bit of a windfall from rising rates in 2023 due to the fact that most of them have a high % of floating rate investments, with a lower rate of floating rate borrowings. Company Profile BlackRock TCP Capital Corp (NASDAQ:TCPC) is an externally-managed specialty finance company focused…
In a significant milestone for spot Bitcoin exchange-traded funds (ETFs), BlackRock’s spot Bitcoin ETF has recorded over $1 billion in trades today alone, according to Bloomberg Senior ETF Analyst Eric Balchunas. This achievement underscores the growing demand for Bitcoin investment products and highlights the increasing acceptance of Bitcoin within traditional finance. MILESTONE $IBIT has traded $1b worth of…
oatawa BlackRock TCP Capital Corp. (NASDAQ:TCPC) is a well-managed business development company that has produced a high degree of excess dividend coverage in the last couple of years. The portfolio is well-diversified and management has handed investors a 13% increase in the regular dividend in the last year. Though I consider the discount to net…
georgeclerk Written by Nick Ackerman. BlackRock, Inc. (NYSE:BLK) posted its latest quarterly results along with its full-year results as well. The company was able to exceed the bottom line estimates but came in line with the top line expectations. The company has a history of beating results, with 15 of the last 16 quarterly reports…
Home pages of some spot Bitcoin ETF issuers now boldly show visitors that these funds are available to all interested members of the public. Several spot Bitcoin (BTC) issuers have added their ETF to the main pages on their respective websites. Visitors can now see the option to buy into a spot Bitcoin ETF on…
A woman is showered in $100 U.S. banknotes. Deagreez To argue that the S&P 500 (SP500) has sharply rallied since its dip last October would be an understatement. Since that time, the index has gained approximately 15%. There has been perhaps no bigger beneficiary of this rally and the overall rally in 2023 than asset…
BlackRock, Inc. (NYSE:BLK) Q4 2023 Earnings Conference Call January 12, 2023 7:30 AM ET Company Participants Laurence Fink – Chairman and Chief Executive Officer Martin Small – Chief Financial Officer Christopher Meade – General Counsel and Chief Legal Officer Robert Kapito – President Adebayo Ogunlesi – Global Infrastructure Partners, Founder and Chief Executive Officer Conference…
In a notable statement, BlackRock CEO Larry Fink has expressed a positive perspective on Bitcoin during an interview today with CNBC, affirming that it “is an asset that protects you.” “I believe it goes up if the world is frightened, if the people have fearful geopolitical risks, they’re fearful of their own risks,” said Fink….
For Q4 2023, BlackRock posted revenue of $4.63 billion and earnings of $9.66 per share. BlackRock, the largest asset manager in the world, posted the fourth-quarter (Q4 2023) earnings which surpassed the projections made by analysts. The company also unveiled the acquisition of Global Infrastructure Partners as part of its expansion into private markets. For…
georgeclerk My bullish thesis on BlackRock, Inc. (BLK) is simple. It’s the world’s largest asset manager with AUM that grew 14% YoY in the third quarter or FQ3 to $9.1T. It has diverse asset classes across several themes and strategies, allowing BlackRock to capture potential upside and mitigate risks. As a result, it can leverage…
The applicants have quickly responded to the SEC’s comments on their S-1 forms, to ready themselves for possible spot Bitcoin ETF approval. Both VanEck and BlackRock have filed amended S-1 forms for their spot Bitcoin ETF proposals after addressing recent comments from the United States Securities and Exchange Commission (SEC). The Commission had set a…
Financial giant Goldman Sachs is in advanced discussions to secure a pivotal role as an authorized participant (AP) for the proposed spot Bitcoin Exchange-Traded Funds (ETF) from BlackRock and Grayscale Investments, CoinDesk reported. According to insider sources, Goldman Sachs is positioning itself to play a significant role in the creation and redemption of shares for the…
In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian. BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final…
A spot Bitcoin ETF approval would open doors for institutional and retail investors to access the world’s largest cryptocurrency with greater ease and at a lower cost compared to Bitcoin ETFs tied to the futures market. BlackRock Inc (NYSE: BLK), the world’s largest money manager with a whopping $9 trillion in assets under management, has…
BlackRock has agreed to exclude in-kind creations and redemptions from its ETF application. The Bitcoin price has responded positively to this news. Of the many companies that have been pegged to secure a Bitcoin ETF approval in the United States, BlackRock seems to be the one with the best chance. From individual investors to the…
Many of the required revisions and adjustments are being carried out urgently by most companies, fueled by rumors that there may be a possible approval in January. BlackRock is making a strategic move in its plans for a bitcoin exchange-traded fund (ETF) by revising its approach to overcome regulatory obstacles. The asset management giant has…
The revised spot Bitcoin ETF proposal from BlackRock provides access to banks, allowing them participate via broker-dealers. Giant asset manager BlackRock Inc (NYSE: BLK) has submitted a revised version of its application for its iShares spot Bitcoin exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). The revised application modifies BlackRock’s ETF, making it easier for…
BlackRock’s recent app update indicates their engagement with the SEC led by Gary Gensler on Dec. 11, marking the third meeting in a series held over the past few weeks. BlackRock Inc (NYSE: BLK) has implemented structural modifications in its application to launch a spot Bitcoin ETF in the US. The updated filing allows Wall…
champpixs BlackRock TCP Capital (NASDAQ:TCPC) is an externally managed business development company (or BDC) with an investment objective to achieve high total returns mainly through current income and preservation of principle. As many of my readers have noticed, I have lately been actively covering BDC segment by exploring different players and ETFs in this segment….
As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality. The crypto market is abuzz following recent revelation that the Securities and Exchange Commission (SEC) engaged in discussions with major investment firms BlackRock Inc (NYSE: BLK)…
ryasick BlackRock Capital Investment (NASDAQ:BKCC) is a small BDC following a first lien strategy and the company’s portfolio has fundamentally improved in quality in the last several years. In September, the BDC announced the merger between BlackRock TCP Capital (TCPC) and BlackRock Capital which is set to a larger, better diversified portfolio that will follow…
Rumors suggest that BlackRock plans to give itself a head start by moving funds from its private Bitcoin trust to its ETF. Giant asset manager BlackRock Inc (NYSE: BLK) may have set plans in motion that will put the company well ahead of its competition if the United States Securities and Exchange Commission (SEC) approves…
Market analysts interpret these recent filings as indications of the ongoing collaborative efforts between the SEC and major issuers to navigate the regulatory landscape. In a recent development, asset managers BlackRock Inc (NYSE: BLK) and Bitwise have submitted amended filings to the US Securities and Exchange Commission (SEC) for their proposed spot Bitcoin (BTC) Exchange-Traded…
While the SEC has yet to greenlight any spot ETF applications, the new filings lend further credence to the likelihood of a spot Bitcoin ETF approval soon. Investment manager BlackRock has revised its application for a spot Bitcoin ETF approval with the US Securities and Exchange Commission (SEC). The revision comes on the heels of…
The SEC website showed one memorandum with details of a discussion with BlackRock, and another one on a discussion with Grayscale. The US Securities and Exchange Commission (SEC) on Sunday revealed on its website one memorandum detailing discussions with financial giant BlackRock (NYSE: BLK), and another with crypto asset manager Grayscale Investments. These memos involved…
Per the S-1 filing submitted to the SEC, the iShares Ethereum Trust is designed to reflect the performance of the Ethereum. BlackRock Inc (NYSE: BLK), a top investment asset management firm, has filed for a spot Ethereum Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This comes only a week…
With strong confidence that its Bitcoin spot ETF will be approved by January 2024, BlackRock has filed an application for a spot ETH ETF. Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox News reported Thursday. According…
COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded fund (ETF) recently. According…
Analysts expect 10-20% of the Gold ETF money moving into Bitcoin post the BlackRock ETF approval i.e. $12 billion to $14 billion worth of inflows in BTC. The entire crypto community remains excited regarding the approval of the spot Bitcoin ETF, with huge expectations ahead from BlackRock. This is because it would trigger a new…
A DTCC spokesperson confirmed that the IBTC ticker for the BlackRock iShares Bitcoin ETF has appeared since August through a unique ID code called CUSIP. Bitcoin has made a strong move moving to $35,000 earlier this week and clocking more than 20% gains on the weekly chart. This typically happened as the BlackRock iShares Bitcoin…
It is worth noting that the SEC’s action come only days after BlackRock unveiled its ticker symbol (IBTC) in anticipation of the approval of its spot Bitcoin Exchange Traded Fund (ETF). The US Securities and Exchange Commission (SEC) recently fined BlackRock Advisors LLC, a subsidiary firm of BlackRock Inc (NYSE: BLK), $2.5 million for failing…
BlackRock has taken an important step forward by obtaining a CUSIP number for its iShares Bitcoin spot ETF. BlackRock Inc (NYSE: BLK), one of the world’s largest asset managers, recently made headlines by announcing its plans to provide initial “seed” funding for its spot Bitcoin Exchange Traded Fund (ETF). This strategic move was revealed in…
Larry Fink’s comment reveals BlackRock’s strong interest in crypto following the company’s application for a spot Bitcoin ETF. The Chief Executive Officer of asset management giant BlackRock Inc (NYSE: BLK) recently said there is “the need for crypto” among the company’s many clients. Fink revealed this in a Monday interview on Fox Business. BlackRock CEO Believes Clients…
According to the filing, “over 95% of the 500 most popular sites on the Internet are the subject of typosquatting”. The New York-based investment giant BlackRock Inc has called for a crackdown on dozens of domain names that have been registered to imitate the investment firm as they could potentially be used to defraud investors….
Eric Balchuna claims that by the end of 2024, there is a 95% chance that a spot Bitcoin ETF will be approved, up from a 75% likelihood this year. The United States Securities and Exchange Commission (SEC) has once again postponed its decision on multiple proposals for spot Bitcoin exchange-traded funds (ETFs). This move, affecting…
kentoh BlackRock Health Sciences Term Trust (NYSE:BMEZ) is a CEF that I originally covered a few months ago in an article titled I’m Buying BMEZ As It Trades At 14% Discount To Its NAV. Since then I must admit that not only did the fund perform poorly but also its NAV discount widened even further….
A sizable pile of money. mgkaya A recent survey of 1,000 401k plan participants found that the average American believes they will need to save $1.8 million for a comfortable retirement. If you’re like most people, this is probably quite a bit of money for you. The good news is that the earlier you start…
There may be over 10 financial giants filing to launch a Bitcoin ETF, but according to one analyst, BlackRock’s application may be the one to watch. In a CNBC video released Monday, Arca Chief Investment Officer Jeff Dorman called BlackRock’s filing “much more important” than the other prospective offerings. To date, other applicants include Fidelity, Digital…
BlackRock and Alliance Bernstein LP are both willing to buy an aggregate of $100 million worth of Klaviyo’s IPO shares. Marketing automation company Klaviyo Inc may have giant asset manager BlackRock Inc (NYSE: BLK) as a cornerstone investor for its upcoming US initial public offering (IPO). Klaviyo hopes to raise up to $518 million in the public…
8vFanI The Fed’s rate-rising program has increased borrowing costs for businesses and consumers over the past year. Wouldn’t it be great to benefit from this rising rate environment? You can, via the Business Development Company industry. BDCs lend money to privately held companies of various sizes, most of whom also are sponsored in a much…
The SEC has just delayed BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie’s spot Bitcoin ETF applications, as first reported by Bloomberg ETF analysts James Seyffart and Eric Balchunas. This was the first SEC decision deadline in the listing process for these applicants since filing, with the delays pushing these applications back another 45…