BlackRock and other funds in crypto
BlackRock has significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274,462k BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was previously the top institutional Bitcoin investor, but now the BlackRock ETF has surpassed it in terms of BTC.
In light of the rapid development of financial markets and constant changes in the global economy, funds are attracting particular attention. These financial organizations are not only key players on the global investment scene but also become significant drivers of future narratives and trends. From venture capital to investment banks, funds are actively involved in shaping the direction of markets and industries. They are the ones who vote with their money, determining which ideas and projects will receive funding and in which sectors of the economy we will see the next round of innovation and growth. Therefore, studying the actions and decisions of funds becomes an exciting task for investors and analysts and an essential tool for anticipating future economic and social trends.
Funds are legal organizations that raise money for specific developing projects. Their main goal is to profit from investment, which is achieved by receiving a certain percentage of coins with the help of financing rounds from the total number of coins to be issued. In addition, the financing determines the price at which the fund invests in the project and the time of partial or full unlocking of the received coins for the funding in the project.
Let's consider the activity indicator of funds and the categories of projects they invested in last year.
The activity rate of investment funds in projects is currently high compared to the average monthly activity over the last 12 months.
The following categories were the most invested in over the six months: NFT, 25.86%; Data Service, 21.29%; Artificial Intelligence (AI), 20.53%; DEX, 18.25%; and Play to Earn (GameFi), 14.07%.
The most active funds over the past year:
Monthly investment of funds over the last year:
Where the most active investors have invested over the past year:
Portfolios of large investors as of 29.04.2024
Please note that these investor portfolios may not fully reflect their assets; they only reflect those that have been identified to date by researching the blockchain and aggregating their cold wallets.
Some of the more prominent investors such as Amber Group, DWF Labs, Wintermute, Jump Trading, Cumberland, GSR have a large amount of stablecoins on their cold wallets, indicating their willingness to continue accumulating their own assets during market downturns to build their influence, as well as to continue investing in projects. Pay attention also to companies that have a large amount of Ethereum, they can start exchanging ETH for other currencies using platforms like Uniswap, PancakeSwap, SushiSwap, and so on.
An altcoin index indicates that the market is still dominated by Bitcoin. It is worth accumulating altcoins along with large capitals before Bitcoin's dominance starts to fall and the altcoin market blooms in new colors.
BlackRock and tokenization
BlackRock, one of the world's largest asset managers, is showing significant interest in cryptocurrency, specifically Real World Assets (RWA) tokenization. They have launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to invest in cash, US Treasuries. This fund is represented by the BUIDL token, which is fully backed by these assets and provides returns paid daily via blockchain rails to token holders. As reported by Forbes, the move is part of BlackRock's broader strategy to tokenize $10 trillion of its assets.
Ondo Finance, a tokenized real assets (RWA) platform, improved its offerings by using BlackRock's BUIDL fund. Ondo Finance transferred the reserve assets of its US Treasury-backed token OUSG to BlackRock's BUILD. This decision aimed to provide instant settlement of the OUSG token, which was previously backed by the BlackRock iShares Short Treasury Bond ETF, which only traded during traditional market hours. The move to BUIDL allowed for instant settlement on any day.
This collaboration between Ondo Finance and BlackRock demonstrates the convergence of traditional finance and cryptocurrencies: institutional players such as BlackRock actively participate in the cryptocurrency and RWA markets. It also highlights the potential for tokenization to improve settlement times and increase accessibility for a wider range of investors. BlackRock is setting an example to some other large investors on how to tokenize their assets through cryptocurrencies and blockchain technology.
BlackRock has also significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274462 BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was previously the top institutional Bitcoin investor, but now the BlackRock ETF has surpassed it in terms of BTC.
BlackRock Strategy
BlackRock's bitcoin investment strategy includes partnerships with major players in the cryptocurrency space. For example, in 2023, BlackRock and Coinbase announced a partnership that will give BlackRock's institutional clients direct access to cryptocurrency trading, custody, prime brokerage, and reporting capabilities. The move was a significant step towards institutional adoption of cryptocurrencies such as bitcoin.
BlackRock also has many stablecoins, which shows that it is ready to continue investing in altcoins. We expect a further market decline soon.
Using Wintermute as an example, we can see how they are already here and now, preparing for the market decline, transferring their stablecoins to acquire altcoins further whenever possible, and exchanging Ethereum for stablecoins via Uniswap.
Conclusion: Big Capital is preparing for a big altcoin fall and is emphasizing investing in RWA, NFT, Data Service, and AI. Large investment funds are preparing to tokenize their assets, and BlackRock, led by Larry Fink, is setting an example for other large investment funds. Following them, other funds are tokenizing their portfolios, but they are already on the paved rails.
If you want to see more info on the funds, here's the link,
platform.arkhamintelligence.com/tags/fund
You can see my portfolio at the link below.
Best regards EXCAVO
In light of the rapid development of financial markets and constant changes in the global economy, funds are attracting particular attention. These financial organizations are not only key players on the global investment scene but also become significant drivers of future narratives and trends. From venture capital to investment banks, funds are actively involved in shaping the direction of markets and industries. They are the ones who vote with their money, determining which ideas and projects will receive funding and in which sectors of the economy we will see the next round of innovation and growth. Therefore, studying the actions and decisions of funds becomes an exciting task for investors and analysts and an essential tool for anticipating future economic and social trends.
Funds are legal organizations that raise money for specific developing projects. Their main goal is to profit from investment, which is achieved by receiving a certain percentage of coins with the help of financing rounds from the total number of coins to be issued. In addition, the financing determines the price at which the fund invests in the project and the time of partial or full unlocking of the received coins for the funding in the project.
Let's consider the activity indicator of funds and the categories of projects they invested in last year.
The activity rate of investment funds in projects is currently high compared to the average monthly activity over the last 12 months.
The following categories were the most invested in over the six months: NFT, 25.86%; Data Service, 21.29%; Artificial Intelligence (AI), 20.53%; DEX, 18.25%; and Play to Earn (GameFi), 14.07%.
The most active funds over the past year:
Monthly investment of funds over the last year:
Where the most active investors have invested over the past year:
Portfolios of large investors as of 29.04.2024
Please note that these investor portfolios may not fully reflect their assets; they only reflect those that have been identified to date by researching the blockchain and aggregating their cold wallets.
Some of the more prominent investors such as Amber Group, DWF Labs, Wintermute, Jump Trading, Cumberland, GSR have a large amount of stablecoins on their cold wallets, indicating their willingness to continue accumulating their own assets during market downturns to build their influence, as well as to continue investing in projects. Pay attention also to companies that have a large amount of Ethereum, they can start exchanging ETH for other currencies using platforms like Uniswap, PancakeSwap, SushiSwap, and so on.
An altcoin index indicates that the market is still dominated by Bitcoin. It is worth accumulating altcoins along with large capitals before Bitcoin's dominance starts to fall and the altcoin market blooms in new colors.
BlackRock and tokenization
BlackRock, one of the world's largest asset managers, is showing significant interest in cryptocurrency, specifically Real World Assets (RWA) tokenization. They have launched the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to invest in cash, US Treasuries. This fund is represented by the BUIDL token, which is fully backed by these assets and provides returns paid daily via blockchain rails to token holders. As reported by Forbes, the move is part of BlackRock's broader strategy to tokenize $10 trillion of its assets.
Ondo Finance, a tokenized real assets (RWA) platform, improved its offerings by using BlackRock's BUIDL fund. Ondo Finance transferred the reserve assets of its US Treasury-backed token OUSG to BlackRock's BUILD. This decision aimed to provide instant settlement of the OUSG token, which was previously backed by the BlackRock iShares Short Treasury Bond ETF, which only traded during traditional market hours. The move to BUIDL allowed for instant settlement on any day.
This collaboration between Ondo Finance and BlackRock demonstrates the convergence of traditional finance and cryptocurrencies: institutional players such as BlackRock actively participate in the cryptocurrency and RWA markets. It also highlights the potential for tokenization to improve settlement times and increase accessibility for a wider range of investors. BlackRock is setting an example to some other large investors on how to tokenize their assets through cryptocurrencies and blockchain technology.
BlackRock has also significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274462 BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was previously the top institutional Bitcoin investor, but now the BlackRock ETF has surpassed it in terms of BTC.
BlackRock Strategy
BlackRock's bitcoin investment strategy includes partnerships with major players in the cryptocurrency space. For example, in 2023, BlackRock and Coinbase announced a partnership that will give BlackRock's institutional clients direct access to cryptocurrency trading, custody, prime brokerage, and reporting capabilities. The move was a significant step towards institutional adoption of cryptocurrencies such as bitcoin.
BlackRock also has many stablecoins, which shows that it is ready to continue investing in altcoins. We expect a further market decline soon.
Using Wintermute as an example, we can see how they are already here and now, preparing for the market decline, transferring their stablecoins to acquire altcoins further whenever possible, and exchanging Ethereum for stablecoins via Uniswap.
Conclusion: Big Capital is preparing for a big altcoin fall and is emphasizing investing in RWA, NFT, Data Service, and AI. Large investment funds are preparing to tokenize their assets, and BlackRock, led by Larry Fink, is setting an example for other large investment funds. Following them, other funds are tokenizing their portfolios, but they are already on the paved rails.
If you want to see more info on the funds, here's the link,
platform.arkhamintelligence.com/tags/fund
You can see my portfolio at the link below.
Best regards EXCAVO
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