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BlackRock CEO Larry Fink addressed the recent chaos that ensued after a false report claimed that BlackRock’s application for an iShares Bitcoin Trust ETF had been approved by the SEC. Fink, appearing on Fox Business, described the incident as a manifestation of the immense interest in the cryptocurrency market. “It’s just an example of the pent-up interest in crypto,” Fink remarked, attributing the rally to a “flight to quality.” #BitcoinWorld #bnbburn #etf #ETH #tia read more : CryptoGrafos.com

BlackRock CEO Larry Fink addressed the recent chaos that ensued after a false report claimed that BlackRock’s application for an iShares Bitcoin Trust ETF had been approved by the SEC. Fink, appearing on Fox Business, described the incident as a manifestation of the immense interest in the cryptocurrency market.

“It’s just an example of the pent-up interest in crypto,” Fink remarked, attributing the rally to a “flight to quality.” #BitcoinWorld #bnbburn #etf #ETH #tia

read more : CryptoGrafos.com

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BlackRock Creates Tokenized Asset Fund with $100 Million in USDC Stablecoin According to CoinDesk, investment management giant BlackRock has filed a document with the U.S. Securities and Exchange Commission (SEC) to create a tokenized asset fund. The BlackRock USD Institutional Digital Liquidity Fund, incorporated on the British Virgin Islands, will be launched in partnership with tokenization firm Securitize. Blockchain data reveals that the fund was seeded with $100 million in Circle's USDC stablecoin using the Ethereum network. This development comes after BlackRock's entry into the digital asset fund space with the listing of a spot-based bitcoin (BTC) exchange-traded fund (ETF) in January, which accumulated over $15 billion in assets under management. The company also filed for a spot ether (ETH) ETF last year. BlackRock CEO Larry Fink stated in a January interview with CNBC that BTC and ETH ETFs are merely stepping stones towards tokenization, which he believes is the future direction of the industry. The new fund represents a significant milestone for the tokenization of real-world assets, a growing sector at the intersection of digital assets and traditional finance. This sector involves placing traditional assets on blockchain rails to achieve faster settlements and increased efficiency. Following the news, tokenized RWA platform Ondo Finance's native token ONDO surged as much as 20% and is up 12% over the past 24 hours, outperforming the broad-market CoinDesk 20 Index (CD20) and bitcoin (BTC). #Tokenization
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