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BlackRock Income and Bond Funds Add Bitcoin ETF to Portfolios

BlackRock, the world’s largest asset manager, has made a significant move by incorporating a Bitcoin exchange-traded fund (ETF) into several of its income and bond funds. This strategic inclusion marks a notable shift in traditional finance’s approach to cryptocurrency investments.

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BlackRock, the world’s largest asset manager, has made a significant move by incorporating a Bitcoin exchange-traded fund (ETF) into several of its income and bond funds. This strategic inclusion marks a notable shift in traditional finance’s approach to cryptocurrency investments.

The BlackRock Global Allocation Fund and the BlackRock Strategic Income Opportunities Fund are among those now holding Bitcoin ETF shares. This development reflects a growing acceptance of Bitcoin as a viable investment asset within mainstream financial portfolios.

The inclusion of the Bitcoin ETF allows these funds to gain exposure to the cryptocurrency market without directly holding Bitcoin. This approach mitigates some of the risks associated with direct cryptocurrency investment while still benefiting from its potential upside.

BlackRock’s decision aligns with a broader trend of institutional adoption of digital assets. It demonstrates the increasing integration of cryptocurrencies into diversified investment strategies, further legitimizing Bitcoin’s role in the global financial ecosystem.

This move follows BlackRock’s earlier initiatives in the cryptocurrency space, including the filing for a Bitcoin spot ETF with the U.S. Securities and Exchange Commission (SEC). While the SEC has yet to approve a spot Bitcoin ETF, BlackRock’s actions indicate a strong commitment to offering crypto-related investment products.

The addition of a Bitcoin ETF to BlackRock’s funds is expected to attract more investors looking for exposure to digital assets through trusted and regulated financial instruments. It also underscores the evolving landscape of investment options as traditional finance continues to embrace the innovations brought by blockchain technology and cryptocurrencies.

As institutional interest in Bitcoin grows, BlackRock’s latest move may pave the way for other major asset managers to follow suit, further integrating digital assets into conventional investment frameworks.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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