Joining me now is Andy Bear, managing director of Coindesk Indices, who watches all of this very, very closely. Andy, it's great to have you here given the action that we've been seeing lately, which has been really interesting. So, there's all of the sort of fundamental enthusiasm that's going on, institutional adoption, what's happening in Congress during so-called crypto week, and then as always, there are sort of technical effects in the market.So, how do we, you know, how do you attribute sort of each ...

Bob Elliott, Unlimited’s CEO & CIO and Todd Sohn, Technical Strategist at Strategas Securities join CNBC’s Dominic Chu to discuss how hedge fund strategies are entering the ETF marketplace, and how it could be a new opportunity for investors looking to diversify their money. ...

NYSE Arca clears ProShares’ leveraged XRP futures ETF for listing https://t.co/cQ8qQHwgG8 ...

Financial Data and Key Metrics Changes - BlackRock reported second quarter revenue of $5.4 billion, a 13% increase year over year, driven by organic growth and higher average AUM [10] - Operating income rose 12% to $2.1 billion, while earnings per share increased 16% to $12.5 [10] - The company achieved 6% organic base fee growth in the second quarter, marking the fourth consecutive quarter of 5% or higher growth [8][27] - Total AUM reached a record $12.5 trillion, with net inflows of $68 billion in the second quarter [8][19] Business Line Data and Key Metrics Changes - Base fee and securities lending revenue increased 15% year over year to $4.5 billion, supported by market beta and organic growth [11] - Technology services revenue and subscription revenue grew 26% year over year, reflecting strong demand for Aladdin technology offerings [13] - Performance fees decreased to $94 million, attributed to lower performance revenue from private markets and liquid alternatives [13] Market Data and Key Metrics Changes - ETF net inflows totaled $85 billion, with fixed income ETFs leading at $44 billion [19] - Institutional index net outflows were $48 billion, primarily due to a single client redemption [20] - Cash AUM increased by 25% year over year, with net inflows of $22 billion in the second quarter [20] Company Strategy and Development Direction - BlackRock aims for 30% revenue contribution from private markets and technology by 2030, with recent acquisitions supporting this goal [9] - The company is focusing on integrating GIP, HPS, and Prequin to enhance its capabilities in private markets and technology [26][95] - BlackRock is expanding its presence in international markets, particularly in India and the Middle East, to capture growth opportunities [29][96] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential from private markets and the integration of recent acquisitions, highlighting strong client feedback [50][54] - The company anticipates significant opportunities in public-private financing and infrastructure investments due to rising government deficits [51] - Management noted that the integration of analytics and data capabilities will be crucial for future growth, particularly in retirement solutions [66][70] Other Important Information - BlackRock repurchased $375 million worth of common shares in the second quarter and plans to continue share repurchases [18] - The company announced the acquisition of Elmtree Funds, a real estate investment firm, expected to close in Q3 2025 [19] - BlackRock's capital management strategy focuses on investing in business growth and returning excess cash to shareholders [16] Q&A Session Summary Question: Progress on integrating HPS and GIP - Management reported strong client feedback and significant opportunities with insurance clients and wealth management across regions, highlighting successful fundraising efforts [50][54] Question: Migration of private investments into target date funds - Management discussed plans to launch a proprietary target date fund with private allocations, expected in 2026, emphasizing the importance of glide path technology [67][68] Question: Profitability and adjusted operating margin outlook - Management indicated a target of 45% or greater adjusted operating margin, with expectations for continued organic growth and expense alignment [74][77] Question: Recent flow trends in private markets - Management provided insights into ongoing fundraising efforts across various private market strategies, with a target of $400 billion in gross fundraising by 2030 [86][88] Question: Future M&A opportunities - Management stated a focus on integrating recent acquisitions while remaining open to selective, tactical M&A opportunities that complement existing capabilities [92][94]

ETF Inflows - ETH ETFs 在过去四个交易日内流入 10.6 亿美金 [1] - 7 月至今流入 13.4 亿美金 [1]

Pudgy Penguins' PENGU Token Doubles in a Week Amid ETF Hype► https://t.co/wJUvrbtrFL https://t.co/wJUvrbtrFL ...

.@defianceinvest's 2x $MSTR short ETF collapsed to record lows on Monday, pointing to capitulation of @MicroStrategy bears. By @godbole17.https://t.co/Po2tFprEc0 ...

🇺🇸 ETF FLOWS: Around $297.4M of $BTC and $259M of $ETH were bought on July 14. https://t.co/J9iU86rS2V ...

Market Share & Investment - Vanguard, through its funds, has become the single largest shareholder of Strategy [1] ETF Platform Policy - Despite being the largest shareholder, Vanguard's brokerage platform still does not allow the purchase of spot Bitcoin ETFs [1]

ETF Market Trends - Leveraged Triple A Cielo ETF invests in top-rated Cee-Lo bonds, leveraging up to 50% of exposure [1] - Strong demand for CLOs and popularity of leveraged products are key trends [1] - Leveraged and inverse ETFs command over $38 billion [4] - A record 73 leveraged or inverse ETFs launched in the US last year [4] - Over half of leveraged or inverse ETFs launched this year are single stock ETFs, exceeding last year's total [4] - Three-quarters of all leveraged or inverse products are single stocks [4] Vanguard's Investment Strategy - Vanguard holds firm that Bitcoin has no inherent economic value and is not appropriate for long-term investors [2] - Vanguard is the single biggest shareholder of MicroStrategy (MSTR) [2] - Vanguard owns 20 million shares of MicroStrategy [3] - Index investing forces Vanguard to hold shares of MicroStrategy, despite disliking Bitcoin [3]