BlackRock, the world's largest asset manager, is intensifying its crypto strategy through new product launches and expansion onto Solana.
BlackRock’s European Bitcoin ETP: Institutional Entry Point for BTC
BlackRock unveiled the iShares Bitcoin ETP (IB1T) for European markets, allowing traditional investors to access Bitcoin via regulated exchanges like Deutsche Boerse and Euronext. Custodied by Coinbase, the ETP adds tax efficiency and convenience. This launch marks another milestone in legitimizing digital assets.
BlackRock BUIDL Fund Now Live on Solana: Why It Matters
Originally launched on Ethereum, BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is now available on Solana. This move highlights the importance of integrating real-world assets with faster, cost-efficient blockchain infrastructure. Carlos Domingo, CEO of Securitize, emphasized Solana's integration as supporting the growing tokenized asset trend.
Solana Price Surge amid RWAs Tokenization Trend
Following the BUIDL expansion news, Solana (SOL) saw a sharp price increase of over 15% in 24 hours. This is attributed to increased utility and validation from BlackRock's fund, and a shift in market sentiment. Analysts predict continued upside potential, especially if more institutions adopt Solana for asset tokenization.
Strategic moves by BlackRock, along with Fidelity's filing for Solana ETF, highlight a shift towards increased institutional engagement with crypto assets and promise significant market perception of Solana.
