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blackrock

BlackRock is one of the largest asset management groups in the world, providing risk management and advisory services to institutional and retail clients.
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first_img Bitget is in talks with Wall Street giants like BlackRock for distribution cooperation in Asia

According to CoinDesk, Bitget CEO Gracy Chen told CoinDesk that Bitget is in talks with several large global financial institutions, including BlackRock, to help expand the distribution of digital asset products in Asia. Gracy Chen cited BlackRock, the world's largest asset management company, as an example, stating that it hopes to expand the distribution of tokenized ETFs in Asia and mentioned, "We maintain very close communication with BlackRock regarding distribution in the Asian market."A spokesperson for BlackRock responded that the company's cryptocurrency exchange-traded products (ETPs) have been launched in Asia and confirmed that it regularly collaborates with virtual asset service providers on different projects, but did not comment on specific expansion plans in the Asian market. According to an OECD report, as of June 2025, the trading volume of blockchain cryptocurrency assets in Asia is expected to grow by 69% year-on-year, the highest growth rate among all global regions.BlackRock manages assets totaling $11.6 trillion. At the 2026 Hong Kong Consensus conference, Nicholas Peach, head of BlackRock's Asia-Pacific iShares division, stated that Asian household wealth is approximately $108 trillion, and even if only 1% is allocated to cryptocurrency assets, it could lead to nearly $2 trillion in inflows. Bitget has 125 million registered users globally, with about half located in East Asia and Southeast Asia. Company data from Q1 2026 shows that 52% of users hold both cryptocurrencies and traditional stocks.

first_img The BlackRock Bitcoin ETF has outperformed the Vanguard S&P 500 Fund since its listing

According to data from Bloomberg and BlackRock senior ETF analyst Eric Balchunas, posted on the X platform on September 1, BlackRock's iShares Bitcoin Trust (IBIT) has achieved a cumulative return of 71% since its listing in January 2024, outperforming Vanguard's S&P 500 Index Fund (VOO), which had a total return of 66% during the same period. Balchunas described the upward trajectory of IBIT as a roller coaster ride, while the performance of VOO was much steadier in comparison.In 2024, the U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETFs after a decade of rejections, and IBIT began trading that year. Currently, IBIT manages assets of $61.4 billion, making it the largest Bitcoin ETF; the second-largest, Fidelity's Wise Origin Bitcoin Fund, manages nearly $11 billion. BlackRock, which manages over $15 trillion in assets, shook the crypto market after submitting its application for a spot Bitcoin ETF in 2023, providing traditional investors with exposure to Bitcoin and showing higher daily trading activity than other similar ETFs.On the funding side, investors poured back into ETFs in August, with a total investment of over $2.8 billion from August 17 to 27, marking the highest level since Bitcoin reached an all-time high last October. Bitcoin briefly rose to $81,281 last Monday, then fell back on Friday, closing at $77,539, with a 24-hour decline of nearly 1%; Bitcoin has risen nearly 30% over the past month.
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