Bitcoin, S&P 500 ETFs On Blockchain? BlackRock Reportedly Eyes Tokenization Of Its Big-Ticket Funds

Group 1 - BlackRock Inc. is exploring the tokenization of its exchange-traded funds (ETFs), aligning with a broader trend in Wall Street to integrate real-world assets onto blockchains [1][2] - The tokenization would allow fund shares, typically traded during market hours, to be issued as tokens on the blockchain, pending regulatory approval [2] - BlackRock offers various ETFs under the iShares brand, including the iShares MSCI Emerging Markets ETF, iShares Bitcoin Trust ETF, and iShares Core S&P 500 ETF [3] Group 2 - BlackRock previously launched the BlackRock USD Institutional Digital Liquidity Fund, which allows qualified investors to earn U.S. dollar yields, marking its initial venture into tokenization [3][4] - The fund, initially launched on Ethereum, is now accessible on seven blockchains and has a market valuation exceeding $2 billion [4] - Nasdaq has filed with the SEC to allow trading of tokenized stocks, which will provide holders the same rights and benefits as traditional shares [4][5] Group 3 - Robinhood Markets has also launched tokenized stocks in Europe, including shares from notable private companies like OpenAI and SpaceX [5] - BlackRock shares closed 2.84% higher at $1,134.18, with a year-to-date gain of over 10% [5] - The stock currently shows a moderately high Momentum score but lags in the Value metric [6]