To be sure, the assets under management (AUM) attributable to IBIT, BlackRock’s Spot Bitcoin ETF, remains miniscule in the face of BlackRock’s total AUM (if you take out the AUM of IBIT – $18 billion – from BlackRock’s total AUM of $10.6 trillion, you’re still left with $10.6 trillion). Still, Fink’s comment further legitimizes bitcoin in the eyes of the Boomer financial advisors now that firms like BlackRock and Fidelity (still waiting on Vanguard) bless bitcoin as a legitimate asset with a place in portfolios.
Soars Amid Controversial Tokenized OpenAI Equity Launch
TLDR Robinhood soars on token launch, but OpenAI denies any affiliation. Tokenized OpenAI equity stirs hype—and sharp legal backlash. Robinhood...
