Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)
Make crypto bots for trading

BlackRock is ready to buy Bitcoin and increase its share in portfolio

Bitcoin: BlackRock is ready to buy Bitcoin and increase its share in portfolio

Financial giant BlackRock is considering increasing its investment in bitcoin, the first cryptocurrency. Currently, bitcoin only makes up a small portion of BlackRock's total funds under management. However, the company's chief investment officer for global fixed income, Rick Reeder, believes that as public attitudes towards bitcoin change, its share in BlackRock's portfolio may also increase.

Reeder thinks that over time, people will become more accepting of bitcoin, which could lead to it becoming a significant part of BlackRock's asset allocation system. The company is closely monitoring the market and is prepared to increase its investment in bitcoin if the industry becomes more receptive to it.

Reeder explains that if more people are comfortable owning, buying, selling, and liquidating cryptocurrency, BlackRock will have more funds available for them to use. This suggests that BlackRock is open to providing more opportunities for investors to engage with bitcoin.

It is worth mentioning that BlackRock's spot bitcoin-ETF (#IBIT) has been one of the top 5 U.S. ETPs in terms of capital inflows. Bloomberg senior analyst Eric Balchunas highlights that since its launch, IBIT has received over $3.19 billion in inflows. Balchunas calculates that BlackRock's cryptocurrency #ETF ranks in the top 0.02% of the world's largest ETPs based on this metric.

Currently, BlackRock's spot bitcoin ETFs, along with those from #Fidelity, have shown better liquidity performance compared to #GBTC (Grayscale Bitcoin Trust). This indicates that BlackRock's bitcoin investment products are more easily tradable and have higher trading volumes.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..
Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..
Altcoins: Trader made $46 million out of $3000 on PEPE memcoin
An unknown trader earned an amount exceeding 46 million dollars by buying the Pepe Coin memcoin (PEPE). This financial triumph was reported by analyst firm Lookonchain.