The asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF's regulatory filing. Emerging technologies, including quantum computing, could potentially render the cryptography securing Bitcoin and other blockchain networks ineffective, asset manager BlackRock said in a regulatory filing. On May 9, BlackRock updated the registration statement for its iShares Bitcoin ETF (IBIT). The revised version addressed potential risks to the integrity of the Bitcoin network posed by quantum computing, the filing shows. “[I]f quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world’s information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,” BlackRock said. Read more
BlackRock’s Bitcoin ETF has now posted 19 days of consecutive inflows, the longest inflow streak for the world's asset manager this year. BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year. IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin (BTC) market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1. Read more
Staking for Ether ETFs has been a hot topic in 2025, with Grayscale and Fidelity both filing for rule changes that would allow this functionality. Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry. According to a May 9 memo published by the task force, BlackRock sought to “[d]iscuss perspectives on treatment of staking, including considerations for facilitating ETPs with staking capabilities.” The company has previously said that Ether (ETH) exchange-traded funds, while successful, are less perfect without staking. Other crypto ETF issuers share that view. On Feb. 15, the New York Stock Exchange proposed a rule change to introduce staking services for Grayscale’s spot Ether ETFs. In April, the SEC delayed a decision on whether to approve or disapprove the rule change. BlackRock and Grayscale...