Ethereum ETFs Debut: BlackRock Reigns With $260M Inflows, Grayscale Bleeds

Nine spot Ethereum ETFs commenced trading on the US stock market on Tuesday, marking a pivotal moment for the crypto industry following the Securities and Exchange Commission’s (SEC) green light on Monday. Ethereum ETFs See $1B In Trading Volume On Debut James Seyffart, a senior ETF analyst at Bloomberg, described the Monday ETF launch as a “pretty big success,” according to a Fortune report. However, the initial enthusiasm was tempered by a stark comparison to Bitcoin’s ETF debut earlier this year, which garnered $655 million in inflows on its first trading day. Related Reading: Mt. Gox Creditors Opt To HODL Bitcoin Rather Than Sell, CryptoQuant Data Shows Diving into the specifics, the Ethereum ETFs collectively amassed $10.2 billion in assets, with trading volumes surpassing $1.1 billion on day one. Grayscale’s Ethereum Trust (ETHE) led the volume race with $469.7 million.  Among the key players, BlackRock led the charge with $266 million in inflows, followed closely by Bitwise with $204 million and Fidelity with $71 million.  Despite these figures, the ETFs collectively witnessed net inflows of $107 million, overshadowed by Grayscale’s Ethereum Trust’s outflows of $484 million, as per Bloomberg data. However, the market response to the ETFs did not translate into a noticeable impact on Ethereum’s price, which experienced a marginal 0.8% decline since trading commenced.  Currently, the second largest cryptocurrency on the market is trading at $3,420, with a 27% decrease in trading volume in this area, amounting to $16 billion in the last 24 hours, and no significant changes to Tuesdays price value per coin.  Bright Future Despite Challenges Given that Ethereum’s market cap is a fraction of Bitcoin’s, the comparatively smaller inflows were somewhat to be expected. In addition, the Fortune report noted that the lack of a staking feature in the ETFs, which is prohibited by the SEC, also drove some investors to buy Ethereum directly, bypassing the new Ethereum ETFs mechanism. Another strong reason for the outflows on the first day of the ETHE fund is Grayscale’s 2.5% fee compared to competitors charging 0.25% or less, a factor that is believed to have influenced investor behavior and contributed to ETHE’s outflows. Related Reading: Forget $10,000, Crypto Analyst Says Spot Ethereum ETFs Will Drive ETH To $14,000 Despite the lack of market response, Seyffart remains optimistic about the reception of the Ethereum ETFs, citing the strong performance of smaller players such as 21 Shares’ Core Ethereum ETF, which attracted $8.7 million in inflows. Seyffart said to Fortune: Very successful launch day by any standard ETFs first day of trading. On top of this, the volume numbers were very strong.  Adding to the optimistic outlook for the Ethereum ETFs, it is noteworthy that Bitcoin (BTC) surged to an all-time high of $73,700 on March 14, just two months after the approved ETFs started trading.  Although ETFs investing in ETHs price may not attract as much inflow and trading volume as BTC, this could lead to a sustained increase in ETH’s price in the long term.  Featured image from DALL-E, chart from TradingView.com

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BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares

In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset managers Bitcoin ETF, iShares Bitcoin Trust, as of April 30.  This announcement follows two previous filings by BlackRock on May 28, which disclosed the funds exposure to Bitcoin in [...]

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BlackRock Bitcoin ETF IBIT Surpasses GLD ETF to Become Sixth in YTD ETF Flows

IBIT, the BlackRock Bitcoin ETF, has surpassed the SPDR Gold Shares ETF in year-to-date (YTD) flows, securing its position as the sixth highest.This milestone, recently spotlighted by Bloomberg ETF analyst Eric Balchunas, shows the growing change in investor behavior, as they flock toward crypto-focused investment vehicles amid a spike in global adoption.BlackRock Bitcoin ETF Surpasses GLD in YTD FlowsSpecifically, the BlackRock iShares Bitcoin Trust (IBIT) has attracted $6.96 billion in YTD inflows for 2025, slightly edging out the SPDR Gold Shares (GLD), which recorded about $6.5 billion over the same period. BlackRock Bitcoin ETF Surpasses GLD in YTD FlowsThe development is especially notable considering gold's impressive 29% price surge this year. Despite that strong performance, GLD has struggled to retain investor confidence, having seen substantial outflows since early 2024. Notably, between Jan. 11 and Feb. 14, 2024, alone, investors withdrew around $2.6 billion from GLD. However, inflows appear to have recovered since then.In contrast, IBIT's momentum has been notable. Since launching in January 2024, the BlackRock Bitcoin ETF has accumulated an astounding $44.25 billion in net inflows. Notably, IBIT set a record on Nov. 7, 2024, when it absorbed a single-day inflow of $1.12 billion, marking the highest ever for any Bitcoin ETF to date.The BlackRock Bitcoin ETF's performance across different time frames has been equally impressive. Last week alone, it observed $2.48 billion in net inflows, its most impressive weekly performance since December 2024. Meanwhile, in April, net inflows amounted to $2.69 billion despite Bitcoin's price struggles.These flows have culminated in a one-year total of over $27 billion. Interestingly, within this one year, the BlackRock Bitcoin ETF only witnessed one month of outflows, when it shed $775 million in February 2025. This consistency across timeframes shows institutional confidence in Bitcoin's long-term potential.IBIT AUM Closing in on GLDMoreover, IBIT's assets under management (AUM) have surged to $59.64 billion making it the eleventh-largest ETF in BlackRock's iShares suite, which includes over 400 funds. For context, IBIT's AUM climbed from zero at its January 2024 debut to $15 billion within just eight weeks. By October 2024, it had hit $30 billion, doing so in a record 293 days, a feat that took GLD nearly five years to achieve. This occurs despite Bitcoin's more modest YTD price increase of about 4%, compared to gold's 29%. If it continues at this pace, analysts believe IBIT could potentially overtake GLD's current AUM of $98.6 billion within the next few years.Notably, over the past month alone, IBIT's price surged by roughly 22.86%, rising from $44.98 to $55.27. Meanwhile, GLD's price climbed approximately 13.47%, moving from $274.65 to $311.64.

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Expert Says Big News Coming for XRP as High-Net-Worth BlackRock Clients Are Seeking More Exposure to Crypto

A tweet from widely followed crypto commentator Altcoin Gordon sparked renewed speculation about BlackRock's involvement in XRP.In the post, he claimed to have had lunch with a friend "high up at BlackRock," who revealed growing interest in crypto, particularly XRP, among ultra-wealthy clients.High-Net-Worth BlackRock Clients Seeking More ExposureAccording to the tweet, individuals with a net worth of $50 million and above are increasingly asking about crypto exposure. More notably, Gordon hinted that "some HUGE news" related to XRP could be on the way as a result of this. He promised to issue further updates on the subject in follow-up commentaries.While he failed to provide specific details, his mention of BlackRock has fueled theories ranging from institutional accumulation to potential ETF involvement.Meanwhile, others have pushed back against the claims, disputing them as false. Commentators argue Gordon's claim is merely a "Trust me, bro" source, saying BlackRock's public statements already reflect institutional interest in XRP. They stressed the need to focus on verifiable data, "huge news" discussions.Community reactionCommunity reactionDeep Anticipation for BlackRock XRP NewsNotably, the XRP community has long theorized BlackRock's involvement in XRP, taking cues from various hints and mysterious factors supposedly connecting XRP and BlackRock. They eagerly seek official confirmation, as they believe BlackRock entering the XRP market could change the coin's story.Notably, most significant asset managers listed Bitcoin ETFs have made similar applications for XRP ETFs. Specific names include Grayscale, Franklin Templeton, and Bitwise. Meanwhile, BlackRock's name remains missing in the picture despite other rivals pursuing XRP investment products in the U.S.BlackRock's potential application is highly anticipated due to hopes that its ETF could attract the biggest investments for XRP, as seen with the firms Bitcoin and Ethereum spot ETFs.In perspective, BlackRock's Bitcoin spot ETF has so far seen investments of $44.25 billion, while Franklin Templeton's has seen only $250 million after over one year of trading. Likewise, BlackRock's Ethereum spot ETF has seen $4.2 billion since its inception, while Franklin Templeton's has only $36.5 million.Given this landslide gap, some believe the only ETF that would truly matter for XRP is BlackRock's. Interestingly, industry commentators like ETFStore President Nate Geraci have suggested that BlackRock will eventually join the race. According to him, the firm would fight to dominate the XRP ETF space, not giving rivals a chance.Regarding when this could happen, some suggest it may occur when the SEC and Ripple reach a full settlement in their case. Right now, both parties are negotiating the terms.

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BlackRock Bitcoin ETF IBIT Sees $2B+ in Weekly Inflow, the Second Largest Among US ETFs, Only Behind Vanguards VOO

The resurgence in demand for Bitcoin investment products saw the BlackRock Bitcoin ETF IBIT pull in heavy inflows the previous week.Bloombergs senior ETF analyst Eric Balchunas highlighted this detail in an X post today, stressing the shift in market sentiments. Per the tweet, the BlackRock iShares Bitcoin Trust (IBIT) had a stellar outing the previous week, outperformed only by Vanguards S&P 500 ETF (VOO).Resurgent IBIT Dominates InflowsThe IBIT saw a net inflow of $2.48 billion, about 19% of the total positive flows between 28th April and 4th May. Only the VOO saw a better inflow ($3.93 billion) than the BlackRock Bitcoin-focused product.Inflows Among Major ETFsThis renewed traction indicates a changing narrative from earlier sentiments at the beginning of the year, as appetite towards Bitcoin rejuvenates. Balchunas noted that this shift tilted towards market users beta with a side of bitcoin bias last year.For context, in 2024, ETF investors sought exposure to funds that track the general performance of the market with a touch of Bitcoin, evident in the $117 billion VOO and $37 billion IBIT net inflows. The Bloomberg ETF expert highlighted that recent inflow data suggest that this mentality seems to be crawling back into the market.Meanwhile, the BlackRock Bitcoin product has rebounded from earlier setbacks to record a year-to-date inflow of $6.4 billion. The investment product languished below the top 50 in YTD performance across all ETFs before recent momentum pushed it to 8th on the log.BlackRock Bitcoin Product Dominates Other Bitcoin ETFsWhile bearing the torch for Bitcoin in the global ETF markets, IBIT has also been schooling other investment products tracking the performance of Bitcoin. The Monday data identified that it has all been about the BlackRock Bitcoin product, with 96% of all inflows to the US Bitcoin spot ETFs moving into IBIT. For perspective, the funds have a one-month net inflow of $4 billion, with the BlackRock product accounting for a staggering $3.85 billion. Balchunas noted that the massive traction despite the Bitcoin ETF decoupling from the actual BTC price could be due to hedge funds leveraging the variation, driving up trading activities.BlackRock Bitcoin ETF Leads Bitcoin ETF InflowsMeanwhile, the IBIT has recorded a cumulative net inflow of $43.64 billion since its market debut last year and ranks as the most successful ETF launch in history. The US Bitcoin spot ETF generally holds a net asset of $113.15 billion, about 5.87% of the assets market cap.

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BlackRock Overtakes Grayscale To Become The Largest Bitcoin Fund In The World With $20 Billion AUM

American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in the world.  BlackRock Overtakes Grayscale  BlackRock iShares Bitcoin Trust has recently become the worlds largest Bitcoin fund, overtaking its primary rival, Grayscale Bitcoin Trust (GBTC).  Related Reading: Shiba Inu Open Interest Explodes 85% Amid 15% Price Jump, Why This Is Important As of Tuesday, May 28, BlackRocks Spot Bitcoin ETF held around $19.68 billion in Assets Under Management (AUM), overthrowing Grayscales Bitcoin ETF with $19.65 billion and surpassing the third largest, Fidelity Investments, which recorded $11.1 billion in AUM. Over the past two days, BlackRock has recorded more inflows, pushing its AUM to more than $20 billion presently.  Following the launch of its Spot Bitcoin ETF on January 11, Grayscale has consistently recorded massive outflows worth billions of dollars. For years, the asset management company was the worlds largest Bitcoin fund, reaching a peak of about $44 billion in 2021.  However, since its conversion into an ETF at the beginning of 2024, investors have pulled out almost $18 billion from Grayscales Bitcoin fund. On May 3, GBTC recorded its first inflow, receiving approximately $63 million, and effectively ending its 82-day streak of outflows.  Its previous outflows had already significantly weakened Grayscales position as the largest Bitcoin ETF. In contrast, BlackRocks Spot Bitcoin ETF has been recording millions of inflows since its launch, making it unsurprising that IBIT has eventually surpassed Grayscales GBTC. BlackRock has only recorded a handful of outflows and minimal zero flows. Its highest recorded inflow occurred on March 12, with IBIT gathering approximately $849 million in a single day. Additionally, BlackRocks Spot Bitcoin ETF witnessed its first outflow on May 1, losing about $36.9 million. On the same day, Grayscale had reported outflows of more than $167 million.  Investors are likely favoring BlackRocks Spot Bitcoin ETF due to its relatively affordable ETF management fees, which decreased from 0.30% to 0.25%. On the other hand, Grayscale has the highest ETF management fees among all the 11 approved United States Spot Bitcoin ETFs.  While the asset management company has promised to slash fees, Grayscales Bitcoin Trust’s current ETF management fees remain as high as 1.5% annually. Still Leading Spot Bitcoin ETF Net Inflows According to Farside data, for the past week, BlackRock has been leading the Spot Bitcoin ETF race, recording the most inflows out of the 11 Spot Bitcoin ETFs.  Related Reading: Shiba Inu Price Prediction: SHIB Shows Unusually High Strength Against Dogecoin Excluding May 27, when all United States Spot Bitcoin ETFs saw zero flows, BlackRock recorded a total of $127.1 million for the first two days. BlackRocks Bitcoin Trust saw $102.5 million in inflows on Wednesday, while Grayscales Spot Bitcoin ETF witnessed outflows of $105.2 million. Currently, Grayscale is still recording more outflows, losing $31.1 million as of writing. Featured image created with Dall.E, chart from Tradingview.com

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Expert Says BlackRock Clearly Wants XRP ETF, But Issues a Warning to Investors

As speculation grows around a potential BlackRock XRP ETF filing, industry expert Vandell Aljarrah suggests the asset manager clearly wants to enter the market.However, Aljarrah, who is the co-founder of Black Swan Capitalist, issued a warning to investors about this potential development. He suggested that the anticipated move is less about enhancing crypto adoption and more about profit and control by institutional players.BlackRock Wants an XRP ETF, But There's a CatchIn a recent post, Aljarrah stressed that investors should not automatically equate an XRP ETF with broader access to utility-driven crypto adoption. He argued that while the prospect of an ETF might appear to validate XRP in the eyes of Wall Street, it strips the asset of its inherent functionalities. When held in its native form, market participants can use XRP for real-time remittances, liquidity provisioning, staking, and self-custody. However, an ETF version offers exposure only to price movement, without granting access to these core utilities.Nonetheless, he is confident that BlackRock would express interest in an XRP ETF. Aljarrah further warned that institutions could subtly manipulate ETFs, suggesting that control over the asset changes significantly from individual investors to powerful financial institutions.Momentum Around XRP ETFs GrowsDespite these concerns, the momentum behind XRP ETF filings builds. Since October 2024, a growing number of asset managers have submitted applications to the U.S. Securities and Exchange Commission (SEC). Firms like Bitwise, Grayscale, WisdomTree, 21Shares, and ProShares have all entered the race to launch spot and futures-based XRP ETFs. At press time, multiple applications are under regulatory review. ProShares has secured approval for three futures-based XRP ETFs, including an inverse fund offering -2x exposure.Grayscale, a major player in the crypto investment space, currently manages over $16 million in assets for its XRP Trust. It has partnered with NYSE Arca to seek listing approval. Meanwhile, MEMX, a U.S.-based exchange, filed a proposal to list an XRP ETF similar to those for Bitcoin and Ethereum, under the Commodity-Based Trust framework.While BlackRock has not yet filed for an XRP ETF, market watchers believe it's only a matter of time. The asset management giant has focused on its highly successful Bitcoin and Ethereum ETFs, which collectively pulled in over $43 billion. Analysts suggest that BlackRock is waiting for optimal legal clarity and market readiness before making its move. Industry voices like Nate Geraci of ETFStore predict that BlackRock will not cede the altcoin ETF market to competitors like Bitwise and Grayscale for long.Regulatory Atmosphere Now Favorable Meanwhile, regulatory momentum has shifted in favor of these filings since the resolution of the Ripple-SEC lawsuit. The court ruled in July 2023 that XRP was in itself not a security. Following the SEC's decision to drop its appeal this year and settle with Ripple, institutional restrictions have eased. The SEC has since opened a public comment period for several filings and begun a 240-day review cycle, raising approval odds to over 80% for 2025, according to Polymarket.

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Banking Giant BNY Introduces New Blockchain Accounting Platform, Taps BlackRock as First Client

BNY Mellon, America's oldest running bank, has deepened its foot into blockchain, recently launching a new blockchain accounting tool, with BlackRock as first client.According to a recent report by Fortune, Bank of New York Mellon (BNY Mellon) has introduced its latest blockchain-based accounting tool. BlackRock Becomes First ClientInterestingly, BlackRock, the world's largest asset manager, became the first institution to adopt the new platform, which looks to modernize fund accounting by providing real-time insights into tokenized assets.This newly launched tool directly records and updates a fund's net asset value (NAV) on a blockchain, eliminating the reliance on third-party accounting services. By doing so, BNY is making fund management more transparent and efficient. Notably, the report confirmed that BlackRock will integrate this solution into its on-chain money market fund, BUIDL, allowing investors to access real-time financial data more seamlessly.Caroline Butler, BNY Mellon's head of digital assets, highlighted that this blockchain-powered product helps with visibility and accessibility within the financial ecosystem. She noted that the innovation builds on BNY's expertise in digital assets, a sector that has gained increasing traction in recent years. The move comes as the broader industry trend turns toward tokenizing financial instruments to improve cost efficiency and operational effectiveness. Changing Regulatory Atmosphere Notably, BNY Mellon has steadily expanded its blockchain capabilities despite initial regulatory roadblocks. Under the previous U.S. administration, the Securities and Exchange Commission (SEC) introduced stringent balance-sheet requirements for banks holding crypto assets for clients. This created hurdles for financial institutions exploring digital asset custody. However, after obtaining regulatory exemptions in 2024, BNY resumed its crypto custody services, allowing the bank to hold Bitcoin and Ethereum for exchange-traded products. The regulatory landscape has since shifted further under the current administration, enabling more seamless blockchain adoption within traditional finance.The launch of this accounting tool shows a change in how traditional financial institutions approach blockchain integration. While digital assets were once seen as volatile and risky, leading firms like BlackRock have actively embraced tokenization as a way to modernize fund management. Recall that BlackRock's CEO Larry Fink recently suggested that every financial asset could be tokenized.BNY Mellon's Expanding Footprint in Blockchain and CryptoBNY Mellon's foray into blockchain is not new. The bank has been actively developing digital asset services for several years. In 2022, the firm launched its Digital Asset Custody Platform, allowing select clients to store and transfer Bitcoin and Ethereum. A year earlier, the bank established its Digital Assets Unit, a dedicated division focusing on blockchain-based financial solutions. The unit has since worked on integrating blockchain technology into various financial services, including trade finance. In 2021, BNY Mellon joined the Marco Polo Network, leveraging distributed ledger technology to streamline global trade operations. Additionally, BNY Mellon Investment Management launched a Blockchain Innovation Fund in Singapore, providing investors exposure to companies adopting blockchain technology.

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BlackRocks Tokenized Fund News Sends Hedera (HBAR) Soaring 100%, The Reason May Surprise You

In a surprising turn of events, the native token of the decentralized ledger platform Hedera, HBAR, experienced a significant price surge of over 100% during the early hours of Tuesday. Starting from a low of $0.0875, HBAR skyrocketed to reach the $0.1821 mark by Wednesday.  The sudden surge was triggered by the news of BlackRocks [...]

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HBAR Prices Crashes 35% As BlackRock Denies Any Ties To Hedera

HBAR, Hederas native token, saw a sharp correction following clarification that the worlds largest asset manager, BlackRock, was not directly involved in the tokenization of its ICS Treasury Fund on the Hedera network.  HBAR Token Crashes By Almost 35% Data from CoinGecko shows that the HBAR token has declined by almost 35% since its price rose by over 100% on the back of the announcement, which many misinterpreted to mean that BlackRock tokenized its fund on the Hedera network. On April 24, the Hedera Foundation shared that Blockchain trading firm Archax and Infrastructure firm Ownera had collaborated to tokenize BlackRocks ICS US Treasury money market fund (MMF) on Hedera. Related Reading: XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End Members of the crypto community, including influencers like CrediBULL Crypto and Mason Versluis, misconstrued this as meaning that BlackRock had tokenized its fund on Hedera. This assumption immediately created a bullish narrative for the ecosystem, leading to HBARs price rallying by over 100% and peaking at $0.176.   However, the crypto token has since been on a downtrend, with BlackRock denying any involvement with Hedera. Specifically, a BlackRock spokesperson told Cointelegraph that the worlds largest asset manager has no commercial relationship with Hedera nor has BlackRock selected Hedera to tokenize any BlackRock funds. Meanwhile, Archaxs co-founder had also clarified on his X (formerly Twitter) platform that BlackRock wasnt directly involved in the whole move. He claimed that tokenization of the fund can usually be done without the permission of the asset manager. However, he revealed that BlackRock knew they were tokenizing on the network. Why The News Is Still Bullish For The Hedera Ecosystem Despite BlackRock not being directly involved in this development, crypto analyst CrediBULL Crypto offered some perspective on why this news is still bullish for Hedera and its HBAR token. He revealed that BlackRock is the fourth largest shareholder of ABRDN, a firm that is a primary investor in Archax. Related Reading: Brace For Impact: Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months Therefore, the crypto analyst believes that BlackRock must have signed off on this move, something he considers a de-facto endorsement of the product. Meanwhile, he also alluded to an interview that revealed that BlackRock chose Hedera, although ABRDN introduced them to the network.  CrediBULL Crypto noted that even if BlackRock wasnt building on the network, it is clear that major enterprises are using Hedera. They are actively involved with building on the network and are constantly pushing to move it forward behind the scenes, he added. He suggested that this puts Hedera above 99% of networks that cant boast of such achievements.  HBAR price crashes 35% from highs | Source: HBARUSDT on Tradingview.com Featured image from Vecteezy, chart from Tradingview.com

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Ondo Finance Joins BlackRock Tokenized Fund As Inflows Surpass $160M

BlackRock, one of the largest asset managers globally, has witnessed notable success with its newly launched tokenized money-market fund, BUIDL. The fund, which records shared ownership on the Ethereum (ETH) blockchain, has attracted over $160 million in just one week since its debut.  BlackRocks BUIDL Fund According to a Bloomberg report, the BlackRock USD Institutional [...]

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BlackRock Expands $1.7B Tokenized Money Market Funds to Solana

BlackRock has launched its blockchain-based treasury funds on the Solana network, expanding accessibility to the $1.7 billion financial product.BlackRocks technological partner, Securitize, announced today that the $11.6 trillion AUM asset manager is expanding its asset tokenization agenda to the Solana network. Per an exclusive report by Fortune, the BlackRock USD Institutional Digital Fund (BUIDL) is now available on Solana.The institution-grade, blockchain-based money market funds bring traditional US dollar yield on-chain, presenting eligible investors with tokenized versions of the instrument. Notably, Solana becomes the seventh network where users can access BUIDL, which is already available on Ethereum, Optimism, Aptos, Avalanche, Arbitrum, and Polygon.For context, BUIDL launched in March 2024 and has accumulated $1.7 billion in assets under management (AUM), domiciled in cash and Treasury bills. With the growing traction, market observers expect the fund to hit $2 billion in April.$1.7B Tokenized Treasury Funds Launch on SolanaSolanas swift transactional acumen and cheap fees have been its major lure, threatening Ethereums dominance. Institutions are beginning to maximize these qualities, evident in the increasing traction to the blockchain.BlackRocks tokenized fund integration into Solana follows a similar ploy by financial titan Franklin Templeton. Particularly, the prominent asset manager launched the Franklin Onchain US Government Money Fund (FOBXX) on the Solana network in February. Notably, the $694 billion fund is the third-largest blockchain-based money market, just below BUIDL and Hashnotes USYC fund.Securitize COO Michael Sonnenshein stated that expanding tokenized treasuries to blockchain makes them unboring. Citing the time constraints of the traditional market, he noted that on-chain integration gives investors 24/7 access to the funds while increasing convenience.BlackRock Expands Crypto FootprintMeanwhile, BlackRocks BUIDL launch on Solana is part of the asset managers plan to expand its footprint in the crypto space. Last year, the $11.6 trillion asset manager launched a US Bitcoin and Ethereum spot exchange-traded fund (ETF), recording incredible success, especially with the former.On Tuesday, BlackRock further expanded its Bitcoin ETP to Europe. It announced that the product would launch in Xetra and Euronext Paris and Amsterdam. This followed an earlier entry into Canada to grow access to Bitcoin through ETFs.With the breakthrough, the firm seems to have switched its focus to asset tokenization. BlackRocks CEO, Larry Fink, believes moving traditional investment vehicles to the blockchain is the next big thing.

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BlackRock Brings Bitcoin ETP to Europe Following US Success

BlackRock is bringing its Bitcoin exchange-traded product to the European market, according to a Bloomberg report.On Tuesday, March 25, BlackRock will list its Bitcoin ETP with the ticker IB1T on Xetra and Euronext Paris, while on Euronext Amsterdam, it will list as BTCN. To attract investors to the product at launch, BlackRock is offering a 0.10% fee waiver. This will reduce its management fee to 0.15% until the end of 2025, making it one of the cheapest in the region.According to BlackRock, the European product will leverage custody services from leading crypto exchange Coinbase, just like its U.S.-based fund.BlackRock's European Bitcoin ETP launch comes on the heels of the success of its U.S.-based fund, which launched in January 2024 and quickly attracted billions to achieve the best launch of any ETF in history. At Bitcoin's price peak in January 2025, the product boasted over $60 billion in assets under management. However, this is currently down to about $50 billion at the time of writing amid the asset's recent price woes. Still, it is the largest of the 12 spot Bitcoin ETFs listed in the U.S.Nonetheless, Europe is a significantly smaller market. The entire European crypto ETP market boasts an AUM of only about $13 billion, with the largest ETP, CoinShares' Bitcoin ETP, boasting an AUM of just $1.3 billion. Global crypto funds have recently endured a rough patch, with a record five-week outflow streak totaling $6.4 billion. Last week, however, these funds resumed winning ways with $644 million in net inflows.

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BlackRock Spot Bitcoin ETF Launches In Brazil, ETF Market Secures 4% Of Total BTC Supply

BlackRock, the worlds largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the spot price of Bitcoin (BTC), will be traded on the Brazilian Commodities and Futures Exchange, known as B3. BlackRock Launches IBIT39 Bitcoin ETF In [...]

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BlackRock Says Bitcoin Price Will Soon Match Growing Institutional Adoption

BlackRocks head of digital assets, Robbie Mitchnick, has suggested that Bitcoins price will soon match up with growing institutional adoption.Speaking at Yahoo Finance on Wednesday, Mitchinck pointed out that Bitcoin remains 15% above its early November prices despite the recent downsides. Furthermore, he emphasized that Bitcoins recent price action has not reflected its massive institutional adoption, suggesting an imminent exponential growth to echo this bullishness.Meanwhile, Bitcoins downsides come despite bullish propellants from the United States. For perspective, President Donald Trump recently signed an executive order to create a much-anticipated US Strategic Bitcoin Reserve.While market observers expected this to spur a meteoric surge in Bitcoins price, the pioneering cryptocurrency has retraced substantially since then. Mitchnick suggested there were premature expectations of the effect of these bullish catalysts on the market, hence the delayed gratification.ETF Outflows a Result of Hedge Funds UnwindingMeanwhile, the BlackRock executive identified the prominent asset manager's blossoming efforts to attract institutions and wealth managers to its Bitcoin product. He acknowledged that the company has made significant progress in this ploy, and the recent downturn has not abated its efforts.Notably, the recent filings disclosed several institutional exposures to BlackRocks iShares Bitcoin Trust (IBIT). Firms like Barclays, JPMorgan, and Avenir Group revealed that they were holding a lump sum of the investment vehicle tracking Bitcoins price.Furthermore, Mitchnick noted that the moderate Bitcoin spot exchange-traded funds (ETFs) outflows emanated from hedge funds unwinding of the spot-futures arbitrage trades. He clarified that the long-term investors still hold on to their stash.Recession Could Trigger Bitcoin AdoptionWhen asked about why Bitcoin has not held its own in the face of the global market uncertainties as gold has, Mitchnick noted that the assets long-term fundamentals suggest it should be inversely correlated with risk factors.However, he termed the assets recent correlation spike with economic risk factors "self-inflicted," as certain industry commentaries continue to classify Bitcoin as a risk-on asset. Meanwhile, he insisted that its intrinsic qualities would prove true in the long term, and the asset would soon match its growing reputation as digital gold.Notably, this comparison comes as gold surged to new all-time highs amid global market uncertainties while Bitcoin struggled to sustain bullish momentum. Moreover, Bloombergs senior ETF analyst recently defended the assets decline in the face of the US stock and bond crash.Mitchnick also suggested that a recession would be a big catalyst for Bitcoin. He highlighted certain features of a market depression that favor the assets characteristics, including increased fiscal spending, lower interest rates, monetary stimulus, and fears of general social disorder.

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BlackRock Recommends Bitcoin Allocation With Addition to Its Model Portfolio

BlackRock, the worlds largest asset manager by assets under management, recently recommended Bitcoin allocation by including the asset in its model portfolios.The prominent asset manager has been big on Bitcoin and its rare qualities. Now, it has taken another step in promulgating the pioneering cryptocurrency by recently adding it to its model portfolio offerings.BlackRock confirmed on Friday that it has added the iShares Bitcoin Trust (IBIT)the fastest-growing fund in ETF history, providing alternative exposure to Bitcointo the Target Allocation with Alternatives models.BlackRock Adds Bitcoin to Institution-Tailored Portfolio ModelFor perspective, a model portfolio is a collection of predefined asset allocations tailored to meet clients' risks and reward objectives. Asset managers alter these portfolios over time according to changing market conditions and clients' dispositions.On Thursday, BlackRock added IBIT to the Target Allocation with Alternatives and Target Allocation with Alternatives Tax-Aware portfolios. The asset manager confirmed adding 1% to 2% of the Bitcoin-focused product to the model portfolios.Michael Gates, the lead portfolio for the BlackRock alternative model portfolio, noted that several theses confirm intrinsic value and long-term investment merits. Some include the assets scarce property and track record of hedge against inflation.BlackRock's IBIT Addition to Model PortfoliosAs a result, the addition could provide its clients with a higher risk appetite and portfolio growth target exposure to Bitcoin. Notably, this is the first time BlackRock is adding IBIT to any of its model portfolios, a shift teased to spur demand for the ETF.The Addition Is a Big DealMeanwhile, the addition followed BlackRocks allocation adjustments of its funds on Thursday. The asset manager made several changes to its model portfolios, affixing IBIT for the first time.Analysis suggests that although the models BlackRock added IBIT to were some of its low-end funds in AUM, it is a big deal for Bitcoin. Brain Rose, the host of London Real, stated that the development looks more significant than it seems.He noted that BlackRocks model portfolios guide billions of funds as large investors copy them for allocation. Furthermore, he suggested that it could stir other asset managers to pursue a similar ploy, increasing inflows into Bitcoin.Recall that BlackRocks head of digital asset research, Robert Mitchnick, stated that the asset manager would focus on attracting institutions and wealth managers to adopt Bitcoin. The addition reflects one means BlackRock looks to use to draw demand for the IBIT.

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BlackRock Dumps $441M in Bitcoin and $71M+ Worth of Ethereum Amid Market Sell-Off

BlackRock continued its Bitcoin and Ethereum sell-off today, moving a substantial portion of its assets to crypto exchange Coinbase Prime.The panic in the cryptocurrency market has intensified, with the Crypto Fear and Greed index dropping to 10, a level last seen in 2022. Notably, the Solana meme coin fallout and Donald Trumps recent tariff vows have spurred this skepticism.Notably, the sell-off has spilled over to diamond-handed asset manager BlackRock, which has resumed liquidating its Bitcoin and Ethereum stash. The leading Bitcoin exchange-traded fund (ETF) issuer has had a track record of holding onto its stash despite market downturns until now.BlackRock Dumps Fresh Bitcoin and EthereumData from Arkham shows that the issuer of the fastest-growing fund in ETF history continued its selling spree today. BlackRock shifted 5,100 BTC ($441 million) and 30,280 ETH ($71.85 million) to the Coinbase Prime deposit address.The prominent asset manager transferred the Bitcoin in batches of 300 BTC over 17 transactions, starting around 11:15 (UTC) on Thursday. Before then, the address tied to BlackRock had moved 30,280 ETH over four transactions to the same recipient.BlackRock Bitcoin SalesBlackRock Bitcoin SalesNevertheless, BlackRock still holds significant amounts of both assets. At the time of writing, the leading asset manager by assets under management (AUM) holds 583,019 BTC ($50.26 billion) and 1.328 million ETH ($3.11 billion).BlackRocks Bitcoin and Ethereum HoldingsBlackRocks Bitcoin and Ethereum HoldingsOther Asset Managers Also SellingMeanwhile, the sales reflect the outflows recorded in the US Bitcoin and Ethereum spot ETFs. Other asset managers also sold substantial amounts of the assets in the past 24 hours. For context, the Bitcoin products sold $754 million worth of the asset yesterday, with BlackRock leading the dumps.The BlackRock iShares Bitcoin Trust (IBIT) sold $418 million in BTC yesterday as investors massively withdrew funds from the issuer. Other notable sales came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Ark 21 Shares Bitcoin ETF (ARKB), which recorded an outflow of $145.7 million and $60.46 million, respectively.Moreover, BlackRocks Ethereum fund (iShares Ethereum Trust) also led outflows in the US Ethereum spot ETFs yesterday, dumping nearly $70 million worth of the asset. Fidelity, Grayscale, and Bitwise saw outflows culminating in a combined $24.5 million.At the time of writing, Bitcoin trades at $85,712 and Ethereum at $2,329.

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State of Wisconsin Pension Fund Doubles Bitcoin Exposure with $321M Disclosure

The State of Wisconsin's pension arm has disclosed that it has more than doubled its exposure to Bitcoin, now holding $321 million in ETFs.According to a Friday 13F filing with the US Securities and Exchange Commission, the State of Wisconsin Investment Board (SWIB) has increased its Bitcoin exposure. The state-owned pension fund revealed it now holds $321 million worth of Bitcoin exchange-traded funds (ETFs).Wisconsins Pension Doubles Down on BitcoinAt the end of Q4 2024, the pension fund disclosed holding $104 million in Bitcoin ETFs, specifically, 2,889,251 BlackRock iShares Bitcoin Trust (IBIT) shares. Notably, this was a massive step down from the Wisconsin pensions initial exposure to the Bitcoin products.For context, the SWIB held $164 million worth of Bitcoin ETFs in Q1 2024, becoming one of the early pioneers of the funds. The pension fund disclosed 2.4 million shares ($100 million) of IBIT and 1 million shares ($64 million) of the Grayscale Bitcoin Trust (GBTC) in its balance sheet.However, the Feb. 14 filing shows that the state-owned pension fund has doubled down on its Bitcoin exposure. The SWIB bought 3,171,100 more shares of the IBIT between October and December 2024, taking its stash to 6,060,351.Growing Exposure to BitcoinMeanwhile, the Wisconsin pension funds extended exposure mirrors a growing rate of Bitcoin acquisition among institutions. Notably, the January 2024 launch of the Bitcoin ETFs provides an easier route for corporate and private firms to invest indirectly in the pioneering cryptocurrency.Recent 13F filings among notable firms have shown the sources of the incessant inflows into Bitcoin ETFs recorded in the fourth quarter of last year. Notably, Trumps flirtation with the industry also contributed to this growing interest.Goldman Sachs revealed earlier in the week that it increased its Bitcoin ETF exposure during the same period and now holds $1.27 billion worth of the products. Top British bank Barclays also disclosed exposure to the funds, buying $131 million of IBIT.Other firms, such as the Avenir Group, also bought $599 million worth of Bitcoin through the IBIT, while the National Bank of Canada holds $2 million in ETFs.

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BlackRock Ethereum ETF Now Holds 1M ETH as Institutional Interest Grows

The BlackRock iShares Ethereum Trust ETF (ETHA) crosses a major milestone in its Ethereum holdings amid an impressive surge in institutional interest.2024 has arguably been the year of institutional adoption for crypto as newly launched U.S. spot Bitcoin and Ethereum ETFs have funneled billions into the market. As the year ends, this capital influx shows no signs of slowing. In the latest instance highlighting this surge in institutional interest, one of these newly launched products has hit a new milestone.BlackRock Ethereum ETF Hits 1M ETHBlackRock's Ethereum ETF (ETHA) has hit a new milestone. As highlighted by blockchain tracker Lookonchain on Wednesday, December 18, the investment vehicle now holds over 1 million ETH, specifically 1,025,378 ETH worth over $4 billion.BlackRock Ethereum ETFThis feat is significantly impressive, as the product has only been open for trading for less than six months after launching in July 2024. ETHA is the first among the newly launched Ethereum ETF products to reach the milestone. For context, Grayscale's mini Ethereum ETF ETH boasts the second-largest holdings among the newly launched products, with over 476,000 ETH worth nearly $1.9 billion.The recent BlackRock Ethereum ETF milestone comes as the products have seen a resurgence in recent weeks after initial struggles.Ethereum ETFs Make a Comeback At launch, Ethereum ETFs struggled to see significant inflows, and whatever inflows came were drowned out by outflows from Grayscale's larger Ethereum ETF fund, ETHE. This trend, however, appears to have hit an inflection point in September 2024, further accelerating in November 2024 following Donald Trump's election victory.The Crypto Basic confirmed on Dec. 13 that daily positive netflows into the Ethereum ETFs as well as the Bitcoin ETFs had reached a double-digit streak. Last month, Kaiko Research noted that major tradfi institutions were pouring investments into the Ethereum ETF products.Chart showing inflows to spot Ethereum ETFs. Source: SoSoValueChart showing inflows to spot Ethereum ETFs. Source: SoSoValueThese products saw total net inflows of over $850 million last week alone and now hold more than $14 billion in assets, per SoSoValue data. Despite the continuous inflows, BlackRock's Head of Digital Assets Research, Robert Mitchnick, argued in October that the Ethereum products would take time to match their Bitcoin counterparts.

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BlackRock Bitcoin ETF Options Surge: December 20 Call Signals BTC Price Target Of $180,000

BlackRock, the worlds largest asset manager, has officially launched options trading for its Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This debut comes after the ETF received regulatory approval in January and has since attracted significant inflows. Increased Liquidity And Reduced Volatility On The Horizon According to Bloomberg, the introduction of options trading on the $43 billion iShares Bitcoin Trust is anticipated to reduce volatility while broadening Bitcoin’s investor base.  Related Reading: VanEck Gives Official Backing To Donald Trumps Bitcoin Reserve Strategy Alex Thorn, head of firmwide research at Galaxy Digital, stated during a Bloomberg Television interview that as Bitcoin becomes more widely held, its volatility is likely to decrease. Options will help dampen volatility, and as volatility comes down, people can take larger position sizes, he explained. Thorn noted that a decrease in volatility could shift investor sentiment, encouraging them to view Bitcoin as a viable asset for fundamental use cases rather than merely a speculative gamble.  The availability of options will also enable institutions to hedge their positions more effectively, increasing liquidity and potentially impacting retail trading during bullish market conditions. Call Options Dominate BlackRocks Bitcoin ETF On Day 1 Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that on the first day of options trading, the total notional exposure for IBIT reached nearly $1.9 billion, spread across 354,000 contracts.  Of these contracts, 289,000 were calls, while 65,000 were puts, resulting in a bullish call to put ratio of 4.4:1. Seyffart claimed that this overwhelming interest in call options contributed to Bitcoin hitting new all-time highs of $94,000 during Tuesday’s trading session for the market’s leading crypto. Balchunas, on the other hand, pointed out that the majority of options contracts are bullish, especially the December 20 call option, which essentially bets that the Bitcoin price will double within a month. This means that based on current prices, investors are expecting BTC to hit a new record high of little over $180,000 by that date.  The put/call volume ratio for BlackRock’s Bitcoin ETF was “impressive,” according to Balchunas, who noted that the ratio of 0.17 indicates strong bullish sentiment compared to other ETFs, such as the SPDR S&P 500 ETF (SPY) with a ratio of 1.1. Related Reading: Bitcoin Reaches New High Of $94,000: Blockstream CEO Anticipates $1 Million Ahead Market expert Marty Party highlighted in a social media post that options on the iShares Bitcoin Trust will settle in actual Bitcoin. This means that when an option contract is exercised, settlement will involve the delivery of Bitcoin, giving investors direct exposure to BTC price movements without the need to interact with crypto exchanges.  At the time of writing, the market’s leading digital asset is trading at $91,580, up 4% in the weekly time frame after today’s bullish move to its new high.  Featured image from DALL-E, chart from TradingView.com

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