Bitcoin ETF

Bitcoin

BlackRock

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<p dir="ltr">American multinational investment giant BlackRock has extended its lead as the world’s dominant asset manager with an $11.5 trillion Asset Under Management (AUM) milestone. As revealed in its third-quarter&nbsp;<a href="https://s24.q4cdn.com/856567660/files/doc_financials/2024/Q3/BLK-3Q24-Earning-Release.pdf">earnings report</a>, the company said its AUM jumped $2.4 trillion year-over-year, driven by net inflows of $456 billion and positive market movements.</p>
<h2 id="the-year-bitcoin-emerged">The year Bitcoin emerged</h2>
<p dir="ltr">Despite BlackRock laying the groundwork for the broader crypto ecosystem before now, its first major product, the spot Bitcoin ETF, launched this year.&nbsp;</p>
<p dir="ltr">This product marked a complete pivot for BlackRock, a traditionally conservative firm. In line with its adoption of Bitcoin, CEO Larry Fink is now one of the&nbsp;<a href="https://u.today/blackrock-calls-bitcoin-global-monetary-alternative">major advocates</a> of the digital currency. With the AUM boost, it remains unclear what the firm plans for its iShares Bitcoin Trust product overall.</p>
<p dir="ltr">While the Bitcoin ETF is BlackRock's flagship and most popular crypto product, BlackRock is also fully invested in&nbsp;<a href="https://u.today/blackrocks-ishares-etfs-explode-with-largest-btc-eth-inflows">iShares Ethereum Trust</a>, the ETH ETF. Despite the generally poorer performance of Ethereum ETF products, BlackRock remains in the lead among issuers overall.</p>
<p dir="ltr">With the massive uptick in BlackRock AUM, it may be inferred that Bitcoin and Ethereum contributed significantly to this new milestone.</p>
<h2 id="will-blackrock-do-more">Will BlackRock do more?</h2>
<p dir="ltr">According to its Bitcoin ETF product page, BlackRock has 369,640.1483 BTC in custody as it&nbsp;<a href="https://u.today/blackrock-bitcoin-etf-continues-to-buy-dip">continues to buy the dip</a>. With this total portfolio, the firm is one of the largest corporate holders of Bitcoin and might increase its bets now that it has more capital reserves.</p>
<p dir="ltr">As a regulated investment outfit, BlackRock is combining a conservative approach with new tech adoption. As such, its current capital base might encourage it to take more calculated risks in the coin moving forward.</p>
<p dir="ltr">Despite BlackRock's stance, not all rivals share its vision for Bitcoin. Firms like Vanguard have specifically issued a highly publicized disclaimer that it will not get involved with Bitcoin, or crypto in general.</p>

BlackRock Tops $11.5 Trillion in AUM, More Bitcoin Bets Ahead?

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