Explore BlackRock crypto news, including ETF developments, Bitcoin strategy, digital asset products, and institutional market influence.
The layer-1 blockchain will focus on DeFi speculation and providing storage and settlement for stablecoins and tokenized assets.
Gino Matos 2 min read 
Despite recent market fluctuations, BUIDL's 19.6% increase in holders and $269 million transfer volume suggest strong institutional engagement.
James Seyffart highlighted that big financial institutions recommending crypto ETFs to high-net-worth clients will boost the adoption of these products.
Bloomberg ETF analyst James Seyffart assessed that the delays were expected, and the odds of approval for altcoin ETFs this year are still relatively high.
US-based Bitcoin ETFs lead record $2.9 billion outflow as global crypto products face pressure.
The asset manager allocated 1% to 2% in Bitcoin through its IBIT exchange-traded fund.
13F forms revealed that institutional exposure to Bitcoin via ETFs grew 113% between Q3 and Q4.
Abu Dhabi added IBIT shares to its $302 billion in assets under management, while SWIB surpassed $320M in BTC exposure.
This is the third delay on SEC's decision, and affects the spot Ethereum ETFs issued by BlackRock, Bitwise, and Grayscale.
