Tag: BlackRock
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A 1% Asian Allocation Could Inject $2 Trillion Into the Altcoin Market
Asia may be the next massive growth engine for digital assets. According to the head of BlackRock’s Asia division, if investors across the region allocate just 1% of their portfolios to altcoins, it could translate into roughly $2 trillion in fresh capital flowing into the market. To put that into perspective, that figure is close to 60% of the current…
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BlackRock Executive: Bitcoin Primarily Functions as Capital Preservation Asset, Not Global Payment System
Robert Mitchnick , head of digital assets at **BlackRock **, has articulated an important reassessment of Bitcoin’s role and utility, positioning the flagship altcoin primarily as a capital-preservation tool and store of value rather than a functional global payment network. Mitchnick’s analysis, informed by BlackRock’s position managing over $10 trillion in assets, provides institutional perspective on Bitcoin’s evolution and…
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BlackRock Launches Bitcoin ETP on London Stock Exchange Following Regulatory Breakthrough
Global asset management giant BlackRock has made a historic move by listing a Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange, capitalizing on the Financial Conduct Authority’s (FCA) decision to ease its controversial four-year ban on altcoin investment products. This landmark development opens the door for millions of UK investors to gain regulated access to Bitcoin through traditional financial channels for the…