Investment giants BlackRock have publicly backed digital assets – such as Bitcoin and Ethereum – at the 2024 Digital Assets Conference in Brazil this week.
In a keynote, Jay Jacobs – Managing Director and U.S. Head of Thematic and Active ETFs at BlackRock – compared the adoption of digital assets to that of the internet and mobile phones, remarking that blockchain and digital assets are “one of the fastest-growing technologies we’ve seen”.
Notably, BlackRock have both Bitcoin ETF and Ethereum ETF products – though their backing of blockchain as a technology has yet to be as transparent as it is now.
Source: Mercado Bitcoin (YouTube)
Who are BlackRock?
BlackRock is an American investment company, and the world’s largest asset manager – with over $10 trillion USD under their control.
The company was key in the legitimisation of blockchain technology, applying for and finding approval for Bitcoin and Ethereum exchange-traded funds (ETFs) from the U.S. Securities and Exchange Commission (SEC) on January 10, 2024 and July 23, 2024 respectively.
BlackRock continue to have a massive presence in the modern Bitcoin and Ethereum ecosystem, with their spot Bitcoin ETF being the first to hit $1 billion USD in volume.
“If we’re consuming things online… it makes sense to have digitally-native assets to conduct those transactions,” noted Jacobs in his keynote, mentioning streaming, video games and digital content as products for which digital assets make particular sense.
As institutional support increases, and regulatory bodies scrutinise the industry more than ever before, blockchain technologies – including cryptocurrencies, NFTs, blockchain games and more – continue to grow in prominence, authority and credibility.
Whilst this may not have a direct impact on asset prices in the short-term, it does stoke a bullish long-term sentiment, and further reassurance that digital assets have a promising future.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
This marker is Chrome Shitiness Mitigation mechanism for Ultrawidify. It turns out that as of 2025-01, Chrome does not correctly respect allowTransparency property on certain iframes, and will force white or black background across the entire element. It is unclear what’s causing the issue — so far, it seems to appear randomly.
