Yes, Larry Fink really stepped in it when he started messaging woke Environmental Social Governance as the savior of mankind. But this column has always sought to put his career into the context it deserves. Fink is one of the most knowledgeable financiers on the planet, and it’s worth paying attention to what he says … Read more
BlackRock Inc, Ark and several other prospective issuers of exchange-traded funds investing directly in Bitcoin in the US filed amended forms for their applications on Monday with the Securities and Exchange Commission. Fidelity, Invesco and Galaxy Digital and WisdomTree were among other firms that filed amended S-1 applications with the SEC. The regulator has until … Read more
BlackRock, the world’s largest money management firm, plans to announce layoffs in the coming days of about 3 percent of its global workforce, Fox Business has learned. The job cuts of around 600 employees, which have yet to be reported, are being described internally as routine, according to a source familiar. Last year, BlackRock did a … Read more
As the final deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide on the spot Bitcoin exchange-traded fund (ETF) application submitted by ARK Invest and 21 Shares, BlackRock is poised to take a significant step forward with its proposal. The asset management giant is set to seed the fund with $10 million … Read more
KEY POINTS Bitwise plans to seed its Bitcoin ETF, which is 20x larger than that of BlackRock The crypto asset manager has not yet named its authorized participant ETF analyst Balchunas previously said issuers will have to to explicitly authorize participant parameters in S-1 Form San Francisco-based crypto asset manager Bitwise has revealed a crucial … Read more
The House of Representatives has subpoenaed shareholder advisors Glass Lewis and Institutional Shareholder Services as it expands a probe into whether they have violated antitrust laws by coordinating ESG efforts with each other, On The Money has learned. On Wednesday, House Judiciary Committee Chair Jim Jordan (R-Ohio) requested what will likely amount to thousands of … Read more
2023 has been a mixed year for the cryptocurrency industry. While the downturn seen in early 2022 continued through the first half of 2023, there were some silver linings in the form of Bitcoin ETF applications by traditional finance heavyweights such as BlackRock. This provided the much-needed support for the legacy coin to gain value … Read more
BlackRock Chief Executive Larry Fink said Thursday that the firm was unfairly targeted by candidates in the fourth Republican presidential debate, calling it a “sad commentary on the state of American politics.” BlackRock, the world’s largest asset manager, has faced a backlash from state pension plans in Republican-led Florida, Louisiana and Missouri for the firm’s … Read more
