The most significant is the iShares Bitcoin Trust (IBIT), which has become the largest fund for Bitcoin with assets of approximately $20 billion. BlackRock also launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), an Ethereum-based tokenized fund, highlighting their interest in blockchain technologies and cryptocurrencies.
Main cryptocurrencies in which #BlackRock invests
Bitcoin (BTC)Ethereum (ETH)
#BlackRocks is actively expanding its investments in cryptocurrencies, supporting various projects and digital assets other than Bitcoin and Ethereum. Here are some of the main cryptocurrencies that BlackRock invests in:
Solana (SUN)
Description: Solana is a high-performance blockchain focused on decentralized applications (dApps) and DeFi. Its goal is to provide cheaper and faster transactions compared to Ethereum. Reason for Investment: Solana has a fast-growing ecosystem and a significant amount of staking, making it an attractive long-term investment (CoinDesk).
Polygon (MATIC)
Description: Polygon is a layer 2 solution for Ethereum that improves the scalability and interoperability of blockchains. It allows transactions to be carried out faster and cheaper, reducing the load on the main Ethereum blockchain. Reason for investment: Polygon is actively used in various DeFi and NFT projects, which attracts a significant number of users and developers (CoinDesk).
Cardano (ADA)
Description: Cardano is a blockchain platform known for its scientific foundation and proven development approach. It offers smart contract functionality and is actively developing in the DeFi and dApps space. Reason for Investment: Cardano has a strong ecosystem and actively growing staking, which makes it a promising asset for long-term investment (CoinDesk)
Binance Coin (BNB)
Description: Binance Coin is the native token of the Binance ecosystem, which is used to pay fees on the Binance exchange, participate in ICOs and other services. Reason for investment: BNB has a significant market capitalization and widespread use within the Binance ecosystem, making it a stable and sought-after asset (CoinDesk)
Avalanche (AVAX)
Description: Avalanche is a platform for launching decentralized applications and blockchain networks in one ecosystem. It offers high performance and compatibility with Ethereum. Reason for investment: Avalanche is growing rapidly and attracting developers due to its speed and scalability (CoinDesk)
These cryptocurrencies show high potential for growth and innovation in various areas of blockchain technologies and decentralized applications, making them attractive investments for major funds such as BlackRock.
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