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Securitize and Ethena Labs launched a $100 million facility for BlackRock's digital fund, BUIDL. This allows investors to swap their holdings for stablecoins, digital currencies pegged to the dollar, at any time, rather than waiting for traditional markets to open.
This matters because it makes BlackRock's digital fund more useful for large institutions that need to move money quickly. By making it easier to enter and exit the fund, BlackRock is strengthening its lead in tokenization, which is the process of putting traditional assets like bonds onto a blockchain to make them faster and cheaper to trade.
Source: PRNewsWire
New data shows that core inflation, which measures price changes excluding volatile items like food and energy, remains high. This has led many to believe the Federal Reserve will raise interest rates by a half-percentage point to cool the economy. Christopher Waller, a key official at the central bank, had previously suggested this data would be the deciding factor for such a move.
For a giant asset manager like BlackRock, rising rates are a double-edged sword. While they can increase the income earned on cash and fixed-income products, they often cause the market value of existing bonds and stocks to fall. Since BlackRock earns its fees as a percentage of the total assets it manages, a broad market decline would directly reduce its revenue.
Source: Reuters
Jefferies set its price target for the asset manager at $1,341. This suggests the firm sees room for the stock to grow as BlackRock continues to expand its reach into private markets and infrastructure financing. While this is a positive outlook, it is a routine target setting rather than a change in the firm's overall rating. The average target among analysts who follow the company now sits at $1,341.
Source: Jefferies
BlackRock is closing the iShares Convertible Bond Index ETF in Canada, with the final termination set for January 2027. This type of fund tracks bonds that can be turned into company stock, and the decision follows a regular review of which products are seeing enough demand to keep running. For a company that manages over 15 trillion dollars in assets, closing a single niche fund is a routine piece of housekeeping. It allows the firm to focus its resources on higher-growth areas like AI infrastructure and private markets where it can earn higher fees.
Source: GlobeNewsWire
BlackRock is launching a new fund, the iShares Future Robotics and Related Technologies Active ETF, to invest in companies that automate physical tasks. Unlike a standard fund that simply tracks a list of stocks, this is an active fund, meaning BlackRock managers will hand-pick the companies they believe will lead the robotics industry.
This move fits into the company's broader push to own the financing side of the AI era. By launching more specialized funds in high-interest areas like robotics, BlackRock can often charge slightly higher fees than it does for basic index funds. It also helps the firm capture more of the new money flowing into technology and automation.
Source: Business Wire
Management consistently sets a bar they can clear, beating their own targets for eight straight quarters. This shows they have a firm grip on their costs even as the business grows.
| Expectation | |
|---|---|
| EPS | $15.47 |
| Revenue | $7.98B |