BlackRock Inc. (NYSE:BLK) CEO Larry Fink said cryptocurrencies have a legitimate role similar to gold, reversing his earlier skepticism during an interview with CBS' 60 Minutes.Fink Reverses Course As Crypto Gains Ground Like GoldFink acknowledged that he once described Bitcoin (CRYPTO: BTC) as "the domain of money launderers and thieves," but said markets had reshaped his view. "There is a role for crypto in the same way there is a role for gold," he told 60 Minutes, calling it an alternative asset for inv ...

Market Trend - BlackRock CEO Larry Fink believes Bitcoin and crypto serve the same purpose as gold [1]

Oct 13 Update:10 #Bitcoin ETFsNetFlow: -97 $BTC(-$11.12M)🔴#Grayscale(GBTC) outflows 384 $BTC($43.83M) and currently holds 176,131 $BTC($20.12B).9 #Ethereum ETFsNetFlow: -34,603 $ETH(-$142.22M)🔴#BlackRock outflows 19,963 $ETH($82.05M) and currently holds 4,072,597 $ETH($16.74B).https://t.co/fax4RLKZDt ...

BlackRock has been a defining force at the intersection of TradFi & blockchain.Now, the tokenization of BlackRock's ICS US Dollar Liquidity Fund on Sei marks a new chapter: institutional-grade digital assets on rails built for global scale.($/acc).https://t.co/hIlUofKdda ...

Tokenization & Digital Assets - BlackRock 在 TradFi 和区块链的交叉领域扮演着重要角色，从tokenized assets 到 crypto ETFs [1] - BlackRock 在 Sei 上对 ICS US Dollar Liquidity Fund 进行 tokenization 标志着机构级数字资产的新篇章 [1] Industry Focus - Wall Street 在 Sei 上的行动速度更快 [1]

JUST IN: BlackRock CEO Larry FInk says he was WRONG about Bitcoin“There is a role for crypto the same way there is a role for gold.” https://t.co/mymzDGcUIp ...

Core Insights - A national survey by The BlackRock Foundation and Commonwealth indicates that over 54% of Americans with low and moderate incomes are retail investors in capital markets [1] - More than half of these investors are new, having started investing within the past five years, highlighting a trend towards democratization in investing [1] Demographics - The survey focuses on individuals from households earning between $30,000 and $79,999 annually, categorizing them as low and moderate income [1] - This demographic shift suggests an increasing participation of lower-income households in investment activities [1]

Core Insights - Roundhill Investments has reintroduced its Meme Stock ETF (MEME), which is now actively managed, differing from its previous iteration that tracked an index [1][2] - The new MEME ETF aims to reflect the current market dynamics influenced by retail sentiment, rather than just focusing on past trends [2] - The ETF charges a management fee of 0.69% and selects meme stocks based on social media momentum, which may not correlate with the companies' fundamentals [2] Company and Industry Developments - The top holdings of the new MEME ETF include Rigettia Computing (12%), QuantumScape Corp (6%), and Bloom Energy (6%) [4] - The reintroduction of the MEME ETF coincides with the closure of several other thematic ETFs, such as Direxion's Work From Home ETF, indicating a shift in investor focus and the evolution of thematic investing [3]

Asset Allocation - Cryptocurrency, similar to gold, serves as an alternative asset [1] - BlackRock CEO Larry Fink acknowledges cryptocurrency as "not a bad asset" [1]

💥BREAKING:BlackRock bought over $2.6 billion worth of Bitcoin last week! https://t.co/qosLFXC9ny ...