BlackRock News

Larry Fink spoke alongside Coinbase CEO Brian Armstrong, describing how BlackRock's stance on crypto had evolved over the previous eight years.

At the DealBook Summit, BlackRock CEO Larry Fink acknowledged Bitcoin’s utility, as Coinbase’s Brian Armstrong said the exchange was running pilots with major US banks.

The deal grants ETHZilla access to Karus’s AI underwriting engine and loan origination network, positioning the crypto treasury company to offer auto credit onchain in 2026.

BlackRock is the largest asset manager in the world, with over $13.4 trillion in assets under management, and operates the largest tokenized cash market fund, worth $2.8 billion.

BlackRock says $2.34 billion in November outflows from IBIT are normal as demand once pushed the ETF near $100 billion.

Tokenization promises faster and cheaper markets, but the IMF warns that new risks and government intervention will accompany the shift to programmable finance.

The asset manager’s hybrid rollout enables investors to choose between the traditional fund and a new blockchain-based version recorded on Ethereum.

BlackRock Bitcoin ETF investors are back in profit, in a promising sign of a December market recovery from the cohort that drove much of Bitcoin’s rise to all-time highs in 2025.

The push from the Nasdaq to increase option limits for the BlackRock Bitcoin fund shows Bitcoin markets are “breaking out of their training wheels.”

Onchain money market funds have grown nearly 10-fold since 2023, but the Bank for International Settlements warns their adoption brings new liquidity and contagion risks.

Texas has also allocated an additional $5 million for direct, self-custodied Bitcoin, signaling growing state-level adoption in the US.

Bitcoin being widely used for daily payments in the future is just “out-of-the-money-option value upside,” according to BlackRock’s head of digital assets Robbie Mitchnick.

Bitcoin’s drop to $80,000 shocked traders, but back-tested data on 105 indicators suggests the washout is preparing BTC for a longer-term rally to new highs.

Bitcoin has yet to find a bottom, but data suggests buyers were very interested in the abrupt dip to $80,000. Several altcoins are also approaching deep discount levels.

BlackRock’s IBIT drives November’s record ETF outflows, bleeding $2.47 billion and accounting for 63% of the $3.79 billion withdrawn from US spot Bitcoin ETFs.