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BlackRock Planning to Acquire 10% of Circle IPO Shares

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In what is another clear sign of its deepening ties with the cryptocurrency sector, $11 trillion asset manager BlackRock is reportedly planning to acquire 10% of Circle IPO shares. Indeed, the firm is set to load up on the USDC stablecoin issuer’s initial public offering, according to a Bloomberg report. In its recent US Securities and Exchange Commission (SEC) filing, the stablecoin issuer made clear they are seeking to raise $624 million in its offering. Moreover, it is still facing continued talks of an acquisition, with both Coinbase and Ripple interested in buying the crypto firm. JUST IN: BlackRock to acquire 10% of $USDC issuer Circle IPO shares. — Watcher.Guru (@WatcherGuru) May 28, 2025 Also Read: Circle Launches IPO Eyeing $624M in Long-Awaited Listing BlackRock Buying 10% of USDC Stablecoin Issuer Circle IPO Shares Since the start of 2024, BlackRock has been a surprising constant in the cryptocurrency sector. It was among the initial issuers of the first batch of approv...
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BlackRock's Global Allocation Fund Discloses $47.4M in Bitcoin ETF Shares

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In what is a major development for the cryptocurrency industry, BlackRock’s Global Allocation Fund has disclosed $47.4 million in Bitcoin ETF holdings. Indeed, the $11 trillion asset manager has increased its iShares Bitcoin Trust (IBIT) shares by 91%, according to a new filing with the US Securities and Exchange Commission (SEC). The official filing, made Thursday, shows that that fund has continued to increase its shares in the BlackRock-issued Bitcoin ETF throughout the end of last year. Specifically, the investment strategy has added 390,894 IBIT shares to its portfolio from November 2024 to January 2025. JUST IN: BlackRock's Global Allocation Fund discloses $47.4 million in Bitcoin ETF holdings. — Watcher.Guru (@WatcherGuru) March 27, 2025 Also Read: Bitcoin: BlackRock’s Spot BTC ETF Buys $107 Million Worth BTC BlackRock Global Allocation Fund Increases Bitcoin ETF Holdings By 91% Since late 2024, the potential of the cryptocurrency market has been surging. Indeed, the asset ...
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$1.5 trillion global asset manager to launch mutual fund on Solana

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In a move that blends the world of traditional finance with cutting-edge blockchain technology, Franklin Templeton, a global asset manager with a cool $1.5 trillion in assets under management, has just revealed its plans to launch a mutual fund natively on the Solana (SOL) blockchain during the Solana Breakpoint 2024 event in Singapore on September 20.  And, yes, you read that right—a mutual fund on Solana. Mike Reed, the guy leading Partnership Development at Franklin Templeton, took the stage at the event on September 20 to break down what could be a game-changer for both finance and crypto. In his keynote, Reed highlighted why blockchain is more than just hype for financial services—it’s a way to actually make things run more smoothly and cost-effectively. Picks for you Where to put $5,000 in crypto to make you a millionaire in 20...
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