Bitcoin Has No Label but Its Closest Rival Is Gold, BlackRock Exec Says
BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
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BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
BlackRock’s Wei Li says AI is still in Phase 1 despite nearly $600 billion in Big Tech spending, with adoption and productivity still ahead.
Bitcoin ETFs are driving fresh, broad-based inflows, integrating BTC into traditional portfolios and creating a more durable institutional bid.
U.S. natural gas prices rose 2.7% for the week, supported by hot weather, strong LNG export demand, and smaller-than-average storage builds. LNG exports surged 23% year-over-year in the first seven months of 2026. The narrowing inventory surplus and continued LNG growth provide a stronger market setup heading into winter, though risks from rising production and high overseas prices remain.
Cramer favors Howmet, remains cautious on AeroVironment, Rocket, AtaiBeckley and MP Materials, citing competition and limited upside.