BlackRock Eyes Tokenized ETFs After Bitcoin Success đ BlackRock is reportedly exploring tokenizing its exchange-traded funds (ETFs) on blockchain networks, following the strong performance of its spot #Bitcoin ETF. đč Why it matters: Tokenized ETFs could trade outside regular market hours and even be used as collateral in #DeFi, expanding their utility beyond traditional investing. đč Current footprint: BlackRockâs tokenized money market fund BUIDL runs on Ethereum, Avalanche, Aptos, and Polygon, hitting $2.2B AUM and becoming the first tokenized fund to cross $1B in March 2025. Its iShares Bitcoin Trust and iShares Ethereum Trust have seen $55B and $12.7B in inflows, each surpassing $10B AUM within a year. đč Industry moves: JPMorgan calls tokenization a âsignificant leapâ for the $7T money market industry. Goldman Sachs + BNY Mellon launched a blockchain initiative, with BlackRock set to join at launch. Nasdaq has filed with the #SEC to allow tokenized stocks & ETFs alongside traditional ones, targeting Q3 2026 for blockchain settlement. đč The catch: Bloomberg analyst Eric Balchunas warns adoption may be limited, comparing it to direct indexing â an idea that flopped with retail investors. đ Bottom line: BlackRock is betting big on blockchain-based finance. Whether investors follow is the trillion-dollar question. $ETH $XRP $BTC
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