Tag: BlackRock

Black Rock CEO Larry Fink “ashamed” to be part of ESG political debate

BlackRock CEO Larry Fink said he’s no longer using the term “ESG” (environment, social and governance) because it is being politically “weaponized” and he’s “ashamed” to be part of the debate on the issue. *** What he’s saying: “I’m ashamed of being part of this conversation,” Fink said. “When I write these [investment] letters, it was never meant to be…

Read More

BlackRock bitcoin private trust – Institutional | BlackRock

BlackRock is committed to providing clients with access to their choice of investment opportunities and has launched a spot bitcoin private trust. The trust is available to U.S. institutional clients and seeks to track the performance of bitcoin, less expenses and liabilities of the trust. Despite the steep downturn in the digital asset market,1 we are still seeing substantial interest from…

Read More

Bitcoin’s Limp Response to BlackRock-Coinbase Deal Is Negative – Bloomberg

You would think the news that Coinbase Global Inc. had entered into a partnership with BlackRock Inc. to help institutional investors manage and trade Bitcoin would energize the slumping cryptocurrency market…. Although Coinbase’s shares rose some 30% last week on the news, Bitcoin fell. If the partnership had happened during the crypto mania of 2019-2021, you can be sure that…

Read More

BlackRock Teams Up With Coinbase in Crypto Market Expansion – Bloomberg

BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin, taking the world’s largest asset manager into a cryptocurrency market hammered by plunging prices and government investigations. *** Top BlackRock clients will be able to use its Aladdin investment-management system to oversee their exposure to Bitcoin along with other portfolio…

Read More