blackrock

The world's largest asset management company, BlackRock, is exploring the expansion of tokenized assets from the cryptocurrency market to the traditional financial sector, making them usable not only as collateral but also for payments. The tokenized money market fund BUIDL, launched by the company in 2024, has seen its assets under management grow to approximately $2.3 billion. Subsequently, related products were launched in the United States and Europe, and in September of this year, approval was granted to launch a digital liquidity fund denominated in Hong Kong dollars.BlackRock is shifting its focus from issuing stocks, bonds, and money market funds on blockchain networks to improving the transfer methods and collateral uses of related assets. Through tokenization, investors can directly transfer their held assets to other investors or use them as trading collateral without needing to redeem them for cash first. Nikhil Sharma, a director of the BlackRock digital assets team, stated that early users of tokenized funds were primarily participants in the cryptocurrency market, and the key moving forward is to establish a bridging mechanism that allows traditional financial institutions to use tokenized products without having to build separate independent systems.

According to SoSoValue data, on October 15, Eastern Time, the total net outflow of Ethereum spot ETFs was $60.222 million. The Ethereum spot ETF with the highest net inflow for the day was Fidelity ETF FETH, with a net inflow of $2.4423 million, and the historical total net inflow of FETH has reached $2.344 billion.The Ethereum spot ETF with the highest net outflow for the day was Blackrock ETF ETHA, with a net outflow of $4.43861 million, and the historical total net inflow of ETHA has reached $12.563 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs was $15.294 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) reached 5.1%, with a historical cumulative net inflow of $13.01 billion.

According to SoSoValue data, the total net inflow of Bitcoin spot ETFs is $5.0551 million. The Bitcoin spot ETF with the highest single-day net inflow is Blackrock ETF IBIT, with a single-day net inflow of $16.7857 million. Currently, the historical total net inflow of IBIT has reached $65.64 billion.The Bitcoin spot ETF with the highest single-day net outflow is Grayscale Bitcoin Trust ETF BTC, with a single-day net outflow of $7.6391 million. Currently, the historical total net inflow of BTC has reached $2.96 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $105.706 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.41%. The historical cumulative net inflow has reached $56.961 billion.

Blackstone Group has established a $200 billion data center investment portfolio and partnered with Google for cloud computing business. Blackstone has also invested in AI labs such as OpenAI, providing loans secured by Broadcom and NVIDIA chips, and invested in cooling equipment for power plants and data centers. President Gray stated that AI investment is Blackstone's most important project.

J.P. Morgan strategist Nikolaos Panigirtzoglou pointed out that the AI stock sell-off in October may be difficult to replicate the rapid rebound seen in July. Compared to before, the current market's willingness to buy on dips has weakened, short positions are insufficient to provide potential short-covering buying, corporate buyback funds are also decreasing, and at the same time, leveraged exposure in ETFs is being rebuilt, which may further amplify market volatility. J.P. Morgan believes that, based on investor positioning and capital flows, AI infrastructure stocks do not yet appear to be in an oversold state.This round of sell-off has spread from South Korean memory chip stocks to the U.S. semiconductor sector. SK Hynix and Samsung Electronics have both seen their stock prices drop by nearly one-third over the past month, and the Philadelphia Semiconductor Index has fallen 10% over the last five trading days. Additionally, the combined $40 billion stock buyback plan previously announced by the two companies was completed ahead of schedule in mid-October, which may have caused the market to lose some of the buying support brought by corporate buybacks.Meanwhile, BlackRock CEO Larry Fink warned that if the U.S. halts data center construction, the economy could fall into recession. He stated that a significant portion of U.S. economic growth is related to capital expenditures in AI infrastructure. As market concerns deepen regarding the return on AI investments and corporate profitability, price adjustments in the AI supply chain could also impact data center construction, energy infrastructure, and related employment sectors.

Larry Fink, CEO of the world's largest asset management company BlackRock, stated in an interview with CNBC on Wednesday that if the United States implements "some kind of pause" on data center construction, it will plunge the U.S. economy into recession. He said, "A large part of our economy is built on such capital expenditure expansion." Data centers are buildings that house a large number of computers and provide computing power for artificial intelligence. Fink's remarks were in response to calls to halt data center construction due to concerns about environmental impacts.Fink dismissed concerns about data centers, stating that most fears are based on "misinformation," and emphasized that "data centers are not the problem." He also pointed out their demand for labor in construction, energy infrastructure, and AI computing hardware. A survey by the Pew Research Center shows that at least 49% of Americans believe data centers negatively impact the environment and the quality of life for surrounding residents. Moody's estimates that U.S. capital expenditure on data centers will reach $700 billion this year, accumulating between $2.4 trillion and $2.48 trillion by 2030, with the global total reaching $7 trillion by the end of this decade.Fink also warned about the government debt issue, stating that the U.S. fiscal deficit is having a serious impact, with national debt rising from $8 trillion in 2000 to $40 trillion in 2026, "an increase of $32 trillion over 26 years," causing a huge shock to credit demand and leading to larger government bond auction sizes. He believes that private capital needs to be unleashed to drive the U.S. economy to achieve 3% growth. BlackRock saw a net inflow of $205 billion in the third quarter, with revenue growth of 19%, adjusted earnings per share increasing by 38% year-on-year, and operating profit margin rising to 47.8%.

According to CoinDesk, BlackRock's digital asset management scale surged from $48.8 billion to $79.6 billion in the third quarter, a quarter-over-quarter increase of 63%. During this period, there was a net inflow of $7.9 billion, reversing the net outflow of $2.2 billion in the first half of the year.This round of growth was primarily driven by rising market prices, with market capitalization gains contributing $22.9 billion and new investor funds contributing $7.9 billion. Nevertheless, the current scale is still 23% lower than the peak of approximately $104 billion in the same period last year, with a market value shrinkage of $30.6 billion over the past 12 months.During the quarter, BlackRock's digital asset products (including the iShares Bitcoin Trust IBIT) recorded a total of $39 million in fees and securities lending income.

BlackRock Investment Institute announced an upgrade in the allocation rating for U.S. Treasuries, ending nearly six years of an underweight position, citing that the potential investment returns have become more attractive after a significant rise in U.S. Treasury yields. At the same time, BlackRock downgraded the rating for U.S. stocks to neutral and increased the allocation of U.S. Treasuries of different maturities, overall preferring short-term bonds.

Bitcoin News posted on the X platform stating that Bloomberg ETF analyst @JSeyff disclosed that despite BlackRock executives preparing to launch a Bitcoin ETF, Larry Fink has remained skeptical about Bitcoin.Due to internal board discussions and events such as the FTX collapse, the project has reportedly been on the verge of being halted multiple times. Currently, BlackRock operates the world's largest spot Bitcoin ETF.

Ondo Finance posted on platform X that its tokenized U.S. Treasury scale has reached 3 billion USD, covering USDY, OUSG, and tokenized U.S. Treasury ETFs, ranking first in the RWA.xyz tokenized U.S. Treasury platform. Among them, USDY has a scale of over 2.3 billion USD, surpassing BlackRock's BUIDL.RWA.xyz data shows that currently, USDY has a scale of approximately 2.328 billion USD, BUIDL approximately 2.204 billion USD, and OUSG approximately 319 million USD; the total scale of tokenized U.S. Treasuries is about 14.91 billion USD, with Circle's USYC ranking first among single products at approximately 2.384 billion USD.

According to Onchain Lens monitoring, BlackRock ETF associated wallets transferred a total of $202.54 million in Bitcoin and Ethereum to Coinbase Prime in the past hour, specifically including 860.393 BTC (approximately $71.54 million) and 52,488 ETH (approximately $131 million).

According to SoSoValue data, on October 12, Eastern Time, the total net outflow of Ethereum spot ETFs was $85.3954 million. The Ethereum spot ETF with the highest single-day net outflow was Blackrock ETF ETHA, with a single-day net outflow of $75.0682 million. Currently, the historical total net inflow of ETHA has reached $12.718 billion.The second was Grayscale Ethereum Trust ETF ETH, with a single-day net outflow of $10.3272 million. Currently, the historical total net inflow of ETH has reached $2.009 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $15.858 billion, and the ETF net asset ratio (the market value relative to the total market value of Ethereum) reached 5.15%, with a historical cumulative net inflow of $13.174 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $65.401 million. The Bitcoin spot ETF with the highest single-day net outflow is Blackrock ETF IBIT, with a single-day net outflow of $65.401 million. Currently, the historical total net inflow of IBIT has reached $65.668 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $106.058 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.35%. The historical cumulative net inflow has reached $57.041 billion.

The world's largest asset management company BlackRock, under the BlackRock Investment Institute, has adjusted its asset allocation in the United States, ending nearly six years of an underweight position on U.S. Treasury bonds. The institution has upgraded the rating of short-term U.S. Treasury bonds to overweight, while the rating for long-term U.S. Treasury bonds has been raised from underweight to neutral. Additionally, the ratings for U.S. stocks and U.S. agency mortgage-backed securities (MBS) have been downgraded from overweight to neutral.BlackRock strategists stated that current U.S. Treasury yields have risen to attractive levels, and the interest rate swap market's expectation of the Federal Reserve raising rates at least three times in the next 12 months, with each increase of 25 basis points, may be excessive. The downgrade of the U.S. stock rating is mainly to address potential market volatility brought about by the construction of artificial intelligence infrastructure and the recent risk of rising financing costs. However, the institution remains constructive on the long-term investment prospects in AI-related fields. Furthermore, BlackRock has also reduced its underweight position in Japanese government bonds.

According to SoSoValue data, last week's trading day saw a net outflow of 542 million USD from Ethereum spot ETFs. The Ethereum spot ETF with the highest net outflow last week was the Blackrock ETF ETHA, with a weekly net outflow of 477 million USD, and the historical total net inflow for ETHA has reached 12.79 billion USD; followed by the Grayscale Ethereum Trust ETHE, with a weekly net outflow of 31.8918 million USD, and the historical total net outflow for ETHE has reached 5.47 billion USD.The Ethereum spot ETF with the highest net inflow last week was the Morgan Stanley ETF MSSE, with a weekly net inflow of 1.3209 million USD, and the historical total net inflow for MSSE has reached 42.68 million USD. As of the time of writing, the total net asset value of Ethereum spot ETFs is 15.71 billion USD, with an ETF net asset ratio (market value relative to the total market value of Ethereum) reaching 5.18%, and the historical cumulative net inflow has reached 13.26 billion USD.

According to SoSoValue data, yesterday (Eastern Time, October 9), the total net inflow of Bitcoin spot ETFs was $21.1281 million.The highest single-day net inflow was from BlackRock ETF IBIT, at $22.38 million, with a historical total net inflow of $65.733 billion; followed by VanEck ETF HODL, with a single-day net inflow of $2.3286 million and a historical total net inflow of $1.009 billion. The highest single-day net outflow was from Fidelity ETF FBTC, at $3.5805 million, with a historical total net inflow of $10.515 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs was $105.844 billion, with an ETF net asset ratio of 6.38%, and the historical cumulative net inflow has reached $57.107 billion.

According to SoSoValue data, yesterday (Eastern Time October 9), the total net outflow of Ethereum spot ETFs was $56.1001 million, continuing a 9-day net outflow.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $56.1001 million. Currently, the historical total net inflow of ETHA has reached $12.793 billion.As of the time of publication, the total net asset value of Ethereum spot ETFs is $15.710 billion, and the ETF net asset ratio (the market value compared to the total market value of Ethereum) is 5.18%. The historical cumulative net inflow has reached $13.260 billion.

According to SoSoValue data, the total net outflow of Ethereum spot ETFs is $161 million. The Ethereum spot ETF with the highest single-day net outflow is Blackrock ETF ETHA, with a single-day net outflow of $116 million. Currently, the historical total net inflow of ETHA has reached $12.92 billion.The second is Grayscale Ethereum Trust ETF ETHE, with a single-day net outflow of $25.76 million. Currently, the historical total net outflow of ETHE has reached $5.467 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $16.402 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 5.22%. The historical cumulative net inflow has reached $13.389 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $487 million. The Bitcoin spot ETF with the highest single-day net outflow is Blackrock ETF IBIT, with a single-day net outflow of $208 million. Currently, the historical total net inflow of IBIT has reached $65.717 billion.Following that is Fidelity ETF FBTC, with a single-day net outflow of $105 million. Currently, the historical total net inflow of FBTC has reached $10.716 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $107.401 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.41%, with a historical cumulative net inflow of $57.33 billion.