BlackRock Locks Exit Door on $26 Billion Fund — Why Bitcoin & Ethereum Traders Should Care

The world’s largest asset manager, BlackRock, has capped investor withdrawals from one of its flagship private credit funds. This move follows a surge in redemption requests that exceeded internal limits. While the move affects a traditional finance (TradFi) vehicle, the liquidity pressures behind it could ripple into the Bitcoin and crypto markets. BlackRock Caps Withdrawals as Redemption Requests Surge BlackRock’s $26 billion HPS Corporate Lending Fund restricted withdrawals source: https://beincrypto.com/blackrock-withdrawal-cap-crypto-liquidity/