BlackRock ETFs: Why institutional investors bet on Ethereum

BlackRock ETFs: Why institutional investors bet on Ethereum

BlackRock, the world's largest asset manager, has established a strong presence in the cryptocurrency space in recent months. The company successfully launched an ETF for Bitcoin, which became a billion-dollar business. Now BlackRock is also planning to launch an ETF for Ethereum, the second largest cryptocurrency. BlackRock assesses the long-term prospects for cryptocurrencies, especially for the largest currencies, as positive. This could lead to institutional investors in particular showing further interest in investing in this area.

BlackRock is a global financial company with operations in 30 countries and a team of 19,800 people. BlackRock's assets under management total $10 trillion, a significant increase of $8.594 trillion year-on-year. In just 14 years, the company's assets under management have almost tripled. These figures underline the enormous economic importance of BlackRock in the financial world.

Looking at the financials, BlackRock recorded a dividend of $20 in 2023, a slight increase compared to the previous year. Sales revenue also increased by 5.90 percent to a total of $18.856 billion. The company's earnings after taxes increased by 6.26 percent to $5,502 billion. These positive financial developments demonstrate BlackRock's solid growth and stability even in the midst of a challenging economic environment.

BlackRock's launch of cryptocurrency ETFs could not only strengthen the company itself, but also boost investor confidence in the crypto space as a whole. Institutional investors could be enticed to invest more in digital currencies by the broader range of investment opportunities. As a heavyweight in the financial industry, BlackRock could thus exert a significant influence on the crypto market and significantly influence the further development of this area.