BlackRock Downgrades US Treasuries; What It Means for Bitcoin?
BlackRock downgraded its ratings of the US Treasuries even as the government debt emerged as a haven during this week's stock market sell-off.
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Per a Coindesk report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures. BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform. With $8.6 trillion in assets under management (AUM), BlackRock is one […]
During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves.
Ethereum Treasuries Have Grown
According to the bitcoin treasuries list, exchange-traded funds, countries, public companies, and private firms own 1,559,047 bitcoin (BTC) worth roughly $66....
The CEO of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” Blackrock on the Acceleration of Digital Currencies Blackrock CEO Larry Fink published his 2022 letter to shareholders Thursday with a section on digital currencies. Blackrock is the world’s largest asset manager, overseeing more than $10 trillion.....
The Bitcoin price currently remains in a vulnerable position. Meanwhile, recent on-chain data suggests that Bitcoin whales are accumulating, but contrary to popular rumors, BlackRock isn’t among them. Meanwhile, analysts are divided on whether the worst is behind for Bitcoin’s price. Whales Accumulate Bitcoin, But It’s Not BlackRock On-chain analyst James V. Straten recently highlighted a trend in the accumulation score by cohort chart. He remarked, “Seems like peak Bitcoin distribution is behind us, as we can see a slight tick-up in accumulation. This is the most....
In the latest amendment to its iShares Bitcoin Trust prospectus, the world’s largest asset manager, BlackRock, revealed that it planned to start seeding starting this month. This has further raised speculations as to the possibility of a Spot Bitcoin ETF launching soon. How Seeding Suggests An Approval Is Imminent In a post shared on his […]