BlackRock is reportedly exploring tokenized ETFs after Bitcoin fund success, as Wall Street giants tout tokenization as a game-changer for finance. BlackRock, the world’s largest asset manager, is reportedly exploring ways to tokenize exchange-traded funds (ETFs) on the blockchain, following the strong performance of its spot Bitcoin ETFs. Citing sources familiar with the discussions, Bloomberg reported Thursday that the company is considering tokenizing funds with exposure to real-world assets (RWA). Any such move, however, would need to navigate regulatory hurdles. ETFs have become one of the most popular investment vehicles — so widespread, in fact, that they now outnumber publicly listed stocks, according to Morningstar. Read more
Bitcoin’s short-term path hinges on a $4.3 billion options expiry. Bulls are favored, but weak jobs data and doubts over AI profitability could add uncertainty. Key takeaways: Bitcoin’s $4.3 billion options expiry favors neutral-to-bullish bets, with a $175 million edge if prices stay above $113,000. Macroeconomic uncertainty, including weak US employment data and AI sector doubts, could determine Bitcoin’s short-term trajectory. Read more
On the 10-year anniversary of his early release from federal prison, Charlie Shrem announced the auction of several items related to Silk Road and Bitcoin's early days. Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem is auctioning off items connected to his guilty plea over charges involving the darknet marketplace Silk Road. In a Thursday notice, a spokesperson for Shrem said he would be opening up 12 items related to his time in prison and early Bitcoin (BTC) paraphernalia on the Scarce City marketplace. Among the items were a journal from his time in prison from 2014 to 2015, a BTC ring and the first issue of Bitcoin Magazine from May 2012. “These things aren’t just mine, they are the scars and the sparks of the early Bitcoin days and its first fire,” said Shrem. Read more
The companies say the pilot will test a blockchain infrastructure aimed at automating the distribution, settlement and management of tokenized products in Hong Kong. Chainlink, a blockchain oracle provider, and UBS, a $5.9 trillion asset manager, have partnered with DigiFT for a pilot study to automate real-world tokenization funds. This feature could eliminate manual errors, according to the companies. If successful, the study could have implications for RWA tokenization in Hong Kong, a special administrative region of China. According to the announcement, the three groups are “developing a regulated blockchain-based infrastructure designed to automate and streamline the distribution, settlement, and lifecycle management of tokenized products [...].” Read more