BlackRock Financial News

The crypto market shook off some of the jitters from last week, creeping back up in the green on Monday. Bitcoin rebounded past $70,000, and gains were seen across crypto tokens and crypto-related stocks.

The Bitcoin (BTC) price pushed back above $70,000 on Monday for the first time in 9 days as traders focused on the theme of global central bank easing, a possible easing on GBTC sell pressure and BlackRock’s first major entry into the realm of asset tokenization.

Bitcoin price rose on Monday, recovering a measure of losses from last week as sustained capital flows into exchange-traded funds and anticipation of the upcoming “halving” buoyed the world’s largest cryptocurrency. In addition, BlackRock (NYSE:BLK)'s venture into asset tokenization and the initiation of a global central bank easing cycle also contributed to bullish pressure.

In a stock exchange filing on Thursday (21 March), the board said it had decided not to go ahead with the May tender offer due to the trust's narrowing discount. It noted that, over the six months to 29 February, the trust's average discount to net asset value stood at 6.3%, while it dropped to 5.3% as of 20 March – highlighting it was «the narrowest discount within its peer group». BlackRock adds Alexandra Dangoor to Greater Europe trust management As a result, the board argued a semi-annual tender offer would not be in the interests of shareholders. BlackRock Greater Europe cu...

By Makini Brice

BlackRock has taken a step forward in its digital assets strategy by launching its first tokenized fund on a public blockchain.

The firm has launched its first tokenised fund on a public blockchain.

Omkara ARC has acquired Park Hyatt Hyderabad's loans for ₹300 crore from lenders at a 34% discount from sellers that included BlackRock and JM Financial. The all-cash deal involved Omkara paying ₹300 crore to buy the ₹450 crore principal outstanding of Park Hyatt in Hyderabad, a 5-star luxury hotel consisting of more than 200 rooms including 25 suites and 40 serviced apartments in Hyderabad. The total debt outstanding including interest and principal is ₹700 crore. «Omkara has bought hotel debt from JM Financial and BlackRock at 66% of the debt,» said a source. «The transaction involved acquiring the NCDs from lenders.» Spokespersons of both Omkara ARC and JM Financial did not respond to requests for comment immediately while BlackRock could not be reached immediately for comment.

Quiver Quantitative — Texas's recent move to divest $8.5 billion from BlackRock (NYSE:BLK) (BLK), citing the company's policies on fossil fuels, has sparked significant controversy and criticism from the asset manager. This decision, announced by Aaron Kinsey, the Republican chairman of the Texas State Board of Education, aligns with a 2021 Texas law aimed at restricting investments with firms boycotting the fossil fuel industry.

It was just weeks ago when BlackRock Inc. CEO Larry Fink took the stage with Texas Lt. Gov. Dan Patrick at an industry event in Houston.

Investment management firm BlackRock is launching a new fund in collaboration with Securitize, as per a recent SEC filing.

By Isla Binnie

The crypto VC space is seeing renewed interest from high net-worth individuals and family offices after a year of relative quiet, according to Struck Capital founding partner Adam Struck.

As Bitcoin price dips to $68,380, shedding nearly 0.50% on Monday, market watchers eye pivotal movements and strategic investment shifts.

Bitcoin‘s recent trading activity presents a fascinating case for price predictions as the digital currency hovers around $68,100, marking an increase of 1.50% on Saturday.

BlackRock Inc. said it’s acquiring SpiderRock Advisors, an asset management and technology firm, to expand its customized investing strategies to wealthy clients.

BlackRock, the world’s leading asset manager, announced on March 7 its decision to include spot Bitcoin exchange-traded funds (ETFs) in its popular Global Allocation Fund (MALOX) for retail investors.

Easterly Asset Management is eyeing growth through some changes to its sales and business development functions.

BlackRock’s Bitcoin ETF, IBIT, has shattered another record for daily inflows, absorbing $788.3 million from investors Tuesday alone.

A recent decision by Stanford University’s Blyth Fund saw a 7% allocation of its endowment toward Bitcoin investments.

The Fidelity Bitcoin ETF, Wise Origin Bitcoin Fund (FBTC), recorded its largest number of daily inflows on Monday, absorbing $404.6 million in funds used to buy more Bitcoin (BTC).