BlackRock has achieved a milestone with its assets under management (AUM) surpassing $10.6 trillion, marking a significant $1.2 trillion increase from the previous year.
The asset manager attributes this growth to substantial inflows into its exchange-traded funds (ETFs). At the start of 2024, BlackRock's ETFs saw record inflows, as highlighted by CEO Larry Fink in the company's quarterly earnings report.
Fink wrote in the asset manager’s quarterly earnings report:
“Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record.”
BlackRock issues the iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF globally, holding over $19.4 billion in Bitcoin and commanding a 35.2% market share among US Bitcoin ETFs. The firm's significant purchasing power allows it to influence Bitcoin's price dynamics through its ETF activities.
In the second quarter of 2024, investors purchased $83 billion worth of BlackRock ETF shares, bringing the year-to-date total to over $150 billion. This investor activity contributed to an 8% year-over-year revenue increase and an 11% rise in operating income for BlackRock.
Fink credits BlackRock's growth to its robust relationships with corporations and governments, positioning the firm as a distinguished capital partner in private markets. These partnerships enhance BlackRock's deal flow and sourcing capabilities, further bolstered by advancements in their private markets platform.
After experiencing three weeks of outflows, spot Bitcoin ETF inflows turned positive, aiding Bitcoin's price recovery above $60,000. Over $414 million in net positive inflows were recorded for US spot Bitcoin ETFs over two consecutive weeks.
On July 12, BlackRock saw the largest inflows among ETF issuers, attracting over $120 million.
Bitcoin ETF flow table, millions
Recently, Bitcoin experienced its fifth-largest weekly inflow on record, exceeding $1.35 billion. Conversely, short Bitcoin-related investment products saw their largest weekly outflows since April 2024, totalling over $8.6 million.
Despite reaching impressive AUM milestones, BlackRock's influence on market dynamics, particularly through ETFs, raises questions about the broader implications for financial market stability and investor dependency.
Ubisoft unveils its groundbreaking Web3 game, Champions Tactics, amidst growing anticipation. Despite delays in the scheduled mint for The Warlords of Champions Tactics NFT collection, recent developments, including sneak peeks and strategic partnerships, signal a promising future for the game
AlexBlackrock's aggressive fee reduction in the competitive ETF market sets a benchmark, but uncertainties surrounding SEC approval pose challenges. As the industry strives for lower fees, the outcome of the SEC's investigation will play a pivotal role in shaping the future landscape of spot Bitcoin ETFs.
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JinseFinanceAnimoca Brands mengintegrasikan Taktik Champions Ubisoft ke dalam Program Web3 Mocaverse, memperkenalkan "Realm Points" untuk pemegang Moca ID. Yat Siu dari Animoca dan Nicolas Pouard dari Ubisoft mengungkapkan kegembiraannya tentang kolaborasi ini, menekankan dukungan untuk onboarding pengguna dan memperkuat kemitraan abadi mereka di dunia game kripto.
JixuUbisoft, studio game AAA terkemuka, baru-baru ini mengumumkan kolaborasinya dengan perusahaan game blockchain Immutable untuk menjelajahi ranah game Web3.
AaronReddit merilis NFT avatar Rabbids gratis dalam jumlah terbatas dan pengguna mengambilnya, dengan beberapa varietas sudah habis.
Salah satu manajer aset terbesar di dunia telah menambahkan bitcoin ke salah satu dana yang paling disukai oleh investor biasa dan pasif.
OthersCEO BlackRock Larry Fink mengatakan pada bulan Juli bahwa perusahaan melihat "sangat sedikit permintaan" untuk cryptocurrency dari investor.
CointelegraphDimulai dengan Ghost Recon Breakpoint, Ubisoft akan menyediakan NFT untuk pemain PC di blockchain Tezos pada hari Kamis.
CointelegraphUbisoft memposting video memperkenalkan NFT-nya di YouTube, dan komentar paling populer di bawah video tersebut mendapatkan lebih banyak suka daripada video itu sendiri.Komentar tersebut mengecam Ubisoft karena "memeras" uang pelanggan.
Cointelegraph