Category: BlackRock

BlackRock ETFs hold $384 million of shares in Bitcoin mining firms

August 20, 2021

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SEC filings reveal that BlackRock has invested almost $400 million into Riot Blockchain and Marathon Digital Holdings stock. 3251 Total views 160 Total shares Filings submitted by the $9 trillion multinational investment manager BlackRock reveal the firm has made significant investments in two leading publicly traded Bitcoin mining firms. A June 30 filing submitted to […]

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Bitcoin is durable, says BlackRock’s Rick Rieder

May 13, 2021

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The chief investment officer seemed to be unmoved by Elon Musk’s announcement yesterday, but still highlighted some challenges Bitcoin will likely face. 2018 Total views 10 Total shares Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment. In […]

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Gold’s status as inflation hedge ‘somewhat exaggerated,’ says BlackRock exec

March 11, 2021

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BlackRock executive Russ Koesterich says gold is failing as an equity hedge amid massive outflows from bullion ETFs into assets like Bitcoin. 4202 Total views 27 Total shares With the price of gold down more than 11% over the last six months, some investment managers are questioning its status as a hedge asset. According to […]

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BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings

December 27, 2020

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Dec 27, 2020 at 4:14 p.m. UTCUpdated Dec 27, 2020 at 4:15 p.m. UTC BlackRock Seeks VP Blockchain Lead to ‘Drive Demand’ for Firm’s Crypto Offerings The world’s largest asset manager BlackRock is seeking to hire a vice president, blockchain lead to help build and execute strategies and “drive demand” for the company’s crypto and […]

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Every asset manager must understand Bitcoin — Erik Voorhees

December 4, 2020

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Shapeshift CEO Erik Voorhees believes any asset manager who is ignorant of Bitcoin “needs to seriously check their premises.” 7215 Total views 31 Total shares Shapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand Bitcoin now based on its astonishing rate of return. Voorhees […]

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BlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent

November 20, 2020

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Nov 20, 2020 at 2:04 p.m. UTCUpdated Nov 20, 2020 at 2:59 p.m. UTC BlackRock’s Chief Investment Officer Says Bitcoin Could Replace Gold to a Large Extent The chief decision maker for where BlackRock, the world’s largest asset manager, invests its funds said bitcoin could take the place of gold to a large extent because […]

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