Latest News BlackRock, the largest asset manager globally, currently oversees a record $11.5 trillion in assets. BlackRock saw $97 billion in inflows into its exchange-traded funds (ETFs), a key driver of its growth. BlackRock, the world’s largest asset manager, has reached a remarkable milestone, now overseeing $11.5 trillion in assets under management. This marks the…
A recent survey conducted by American financial powerhouse Charles Schwab revealed that nearly half of the respondents (45%) are gearing up to invest in cryptocurrency exchange-traded funds (ETFs). Millennials Lead the Crypto ETF Charge, Expert Puzzled by Schwab’s Slow Move Charles Schwab, a major player in the finance world, rolled out a new asset management…
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.39M Both bitcoin and ethereum ETFs showed positive growth on Friday,…
From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions…
On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers,…
WisdomTree’s withdrawal highlights regulatory hurdles in crypto ETF approvals. The move may reshape investor expectations for Ethereum-based investment products. WisdomTree, a prominent asset management firm, has withdrawn its S-1 registration filing for the WisdomTree Ethereum Trust. The firm declared in a filing with the US Securities and Exchange Commission. The S-1 filing was intended to…
Swedish public company Hilbert Group’s asset management division has partnered with Xapo Bank to launch a bitcoin-denominated hedge fund in September. The fund is expected to attract over $200 million in initial investments from Xapo Bank and other investors this year. Hilbert Group Partners With Xapo Bank to Launch Bitcoin Hedge Fund Hilbert Group AB,…
Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms of onchain reserves. World’s Largest Fund Manager Just Surpassed Grayscale in…