{
}
BlackRock's iShares Ethereum Trust ETF (ETHA) has surpassed 1 million ETH in holdings, reaching 1,025,378 ETH valued at over $4 billion, just six months after its July 2024 launch. This milestone highlights a significant rise in institutional interest in Ethereum ETFs, which have collectively attracted over $850 million in inflows recently, bringing total assets to over $14 billion. Despite this growth, BlackRock's Head of Digital Assets Research noted that Ethereum products may take longer to catch up to Bitcoin ETFs.
Ethena Labs has launched a new US dollar-pegged stablecoin, USDtb, backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This offering follows Ethena's first stablecoin, USDe, and distinguishes itself by being supported by one of the world's largest asset managers. BUIDL, a tokenized money-market fund, aims to maintain a stable value of $1 per token on the Ethereum blockchain, reflecting BlackRock's commitment to advancing digital asset solutions.
BlackRock's iShares Bitcoin Trust ETF has achieved remarkable success, managing $53.8 billion in assets and surpassing its Gold ETF. The firm advises investors to limit Bitcoin exposure to 1-2% of their portfolios due to its volatility and lack of cash flows, while noting that increased adoption could alter its risk profile. Despite Bitcoin's potential as an inflation hedge, Microsoft shareholders overwhelmingly rejected a proposal to invest in the cryptocurrency.
Robert Mitchnick
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
BlackRock Ethereum ETF surpasses one million ETH amid rising institutional interest
16:23 18.12.2024
ethena labs introduces new stablecoin backed by blackrock's liquidity fund
20:41 16.12.2024
blackrock recommends limited bitcoin exposure in investment portfolios
United States Dollar
Microsoft Corporation
BlackRock, Inc.
Vivek Paul
Robert Mitchnick
Paul Henderson
Samara Cohen
Jason Nelson
Show more
19:02 12.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Industry Mergers & Acquisitions
Global Financial Events
Market Analysis and Predictions
Banking Regulations
Financial Scams and Security
Retail and Consumer Goods
CEO Changes
Global Trade Developments
Central Bank Actions
Supply Chain Management
Government Policies
AI Innovations
Startups & Entrepreneurship
Government Economic Policies
Energy Sector Developments
Private Equity Deals
Countries:
Companies:
Barclays PLC
JPMorgan Chase & Co.
Tesla, Inc.
Bank of America Corporation
The Goldman Sachs Group, Inc.
NVIDIA Corporation
Wells Fargo & Company
Apple Inc.
UniCredit S.p.A.
UBS Group AG
Banco BPM S.p.A.
Amazon.com, Inc.
Citigroup Inc.
Deutsche Bank RV Global PP
BNP Paribas SA
Commerzbank AG
Google Inc.
Credit Suisse Real Estate Fund Siat
Huawei Technologies CO. Ltd.
ING Groep N.V.
Currencies:
United States Dollar
Euro
Swiss Franc
Indian Rupee
British Pound Sterling
Chinese Yuan
Japanese Yen
Danish Krone
Hong Kong Dollar
United Arab Emirates Dirham
Australian Dollar
Swedish Krona
Canadian Dollar
South Korean Won
Russian Ruble
Malaysian Ringgit
Offshore Chinese Yuan
Singapore Dollar
Kuwaiti Dinar
Ghanaian Cedi
People: