NEW YORK--(BUSINESS WIRE)--BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), begins trading today on Nasdaq. IBIT seeks to track the performance of the price of bitcoin and carries a 0.25% sponsor fee with a one-year waiver reducing the fee to 0.12% on the first $5B assets under management (AUM)1. “The launch of the iShares Bitcoin ETF advances ETF innovation and expands access to bitcoin for investors,” said Dominik Rohe, Head of Americas iShares ETF and Index Investing business at BlackRo ...

NEW YORK--(BUSINESS WIRE)--The registration statement for BlackRock’s spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), has been declared effective by the U.S. Securities and Exchange Commission (SEC). IBIT seeks to track the price of bitcoin and is expected to begin trading on Nasdaq on January 11, 2024. “Through IBIT, investors can access bitcoin in a cost-effective and convenient way,” said Dominik Rohe, Head of Americas iShares ETF and Index Investing business at BlackRock. IBIT helps to remove so ...

Anticipation about the launch of spot bitcoin ETFs is peaking late Wednesday after the Securities and Exchange Commission greenlit such funds for trading on U.S. exchanges.Todd Rosenbluth, head of research at VettaFi, said in a phone interview that he’s watching for one or more spot bitcoin exchange-traded funds to come to market as soon as Thursday.The SEC gave its assent to about a dozen spot bitcoin ETFs on Wednesday. “Given that there are so many horses in this race,” said Rosenbluth, “you want to come ...

In an effort to streamline operations and adapt to a rapidly changing operating environment, BlackRock, Inc. (BLK) is planning to eliminate 600 jobs. This accounts for nearly 3% of the company’s total global workforce.Per a Reuters article, the job cuts are not focused on a single team.Despite this elimination, BlackRock remains positive about its future growth prospects. By the end of 2024, the company expects to employ more workforce, as it plans to expand certain parts of its business.In a memo to its st ...

Key TakeawaysIntuitive Surgical's share price continues to trend higher after breaking out from a falling wedge pattern, but faces resistance from two previous swing highs.BlackRock shares have broke above a two-year trading range, with the breakout point a key chart area to watch.The United States Natural Gas Fund closed above a long-term downtrend line Tuesday on record volume, indicating a significant shift in momentum.Here's our daily look at three charts connected to recent news-driven price moves, wit ...

Key PointsBlackRock has rolled out its 2024 outlooks, and the trend aligns with what the rest of Wall Street expects.Hands-on the wheel and three sectors is the advice, but which stocks look ripe for a potential purchase? Markets, analysts, and Buffett have hinted at the likely trends taking on water.5 stocks we like better than CitigroupThe new year is here, and all the major investment banks and asset managers have been excitingly putting out their macroeconomic projections for 2024. Whatever they advise ...

BlackRock Inc (NYSE:BLK) is to cut around 3% of its staff just months after it warned it was feeling the impact of investors parking money in high-interest cash accounts. Some 600 jobs will go out of a workforce of close to 20,000, said the world’s largest fund management group in a memo to staff, with the cuts spread among all of its various investment teams. BlackRock had US$9.1 trillion assets under management at the end of October, down slightly from three months earlier. The group has been heavily crit ...

BlackRock Inc (NYSE:BLK), one of the largest global asset managers, has warned investors about the potential risk of politicians promising increased spending to win the upcoming election, which could trigger a backlash in the bond market.   In 2022, unfunded tax cuts disrupted financial markets, leading to the resignation of then Prime Minister Liz Truss and intervention by the Bank of England.  The concept of ‘bond vigilantes’, investors who sell bonds in protest against policies they deem inflationary, ga ...

Investment-management giant BlackRock Inc. plans to lay off around 3% of its staff, or around 600 employees, the company said on Tuesday, amid what executives described as a “rapidly changing” economic backdrop and shifts in client demands. In a memo to employees, Chief Executive Larry Fink and President Rob Capito said they still expected the company’s workforce to be bigger by the end of the year “as we continue adding people and building capabilities to support key areas of growth.” They also said m ...

BlackRock, the world’s largest asset manager, said Tuesday it will cut about 3% of its workforce, though it expects to have a larger headcount by the end of 2024.The job cuts would amount to roughly 600 positions based on BlackRock’s workforce of 19,800 at the end of December 2022, the last time its employee numbers were updated. No single team will be the focus of the cuts, according to a source at the firm.Shares of the asset manager are up about 5% over the last 12 months, well behind the roughly 22% ga ...