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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Meta rises premarket ahead of Q2 earnings, boosted by a $14B AI data center partnership with BlackRock in El Paso, Texas.
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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.
Stocks rallied and Treasury yields retreated from three-year highs after Fed Governor Waller signaled he could back a rate hold, sending bitcoin above $80,000.
Meta hits an $18B youth safety settlement. Discover how analysts view its AI product pipeline, cap-ex risks, and stock price targets.