American investment firm BlackRock has reached a new milestone with $11.5 trillion in assets under management (AUM). The increase was driven by net inflows of $456 billion and positive market movements. BlackRock's traditional conservative approach shifted with the launch of its spot Bitcoin ETF this year, making CEO Larry Fink a major advocate for the digital currency. BlackRock is also invested in the iShares Ethereum Trust, leading the pack among issuers overall. With its increased capital reserves, BlackRock may take more calculated risks in the cryptocurrency market. However, not all rivals, like Vanguard, share BlackRock's vision for Bitcoin and crypto.
- Content Editor ( u.today )
- 2024-10-11
BlackRock Tops $11.5 Trillion in AUM, More Bitcoin Bets Ahead?