X @Nick Szabo

RT THE ISLANDER (@IslanderWORLD)🚨 BlackRock Just Said No.BlackRock’s $26 billion HPS Corporate Lending Fund received $1.2 billion in withdrawal requests in the first quarter — roughly 9.3% of its net asset value. The fund paid out $620 million before hitting the 5% quarterly cap and stopped honoring the rest. Half the investors who wanted out were told to wait. The world’s largest asset manager — $11.5 trillion under management just gated its own clients.BlackRock shares fell 5.7% on the NYSE on the news. S ...