BlackRock Plans to Introduce iShares Bitcoin ETF in Australia
Werte in diesem Artikel
BlackRock, Inc. BLK is considering launching iShares bitcoin exchange-traded funds (ETFs) in Australia as it seeks to expand its global digital asset presence. The asset manager plans to roll out the ETF on the Australian Securities Exchange (ASX) by mid-November this year, according to Cryptonews. The new ETF will charge a 0.39% management fee and will invest in the U.S.-listed iShares Bitcoin Trust, giving Australian investors regulated access to Bitcoin without requiring them to hold or manage it directly. The fee structure offers a cost-efficient and operationally smooth entry into the cryptocurrency market.Rationale Behind BlackRock’s MoveBlackRock’s move seeks to capitalize on growing demand for Bitcoin ETFs in Australia, one of the fastest-growing markets outside the United States. The move comes after the Australian Securities and Investments Commission updated its guidance, classifying most digital assets as financial products and requiring providers to secure an Australian Financial Services Licence by June 2026.Although Bitcoin itself is not considered a financial product, platforms and funds that provide exposure to it will be regulated under this framework, enhancing investor protection and market transparency.BlackRock’s arrival will elevate the competition and liquidity in an already active Australian Bitcoin ETF sector. The major players include Global X 21Shares Bitcoin ETF, VanEck Bitcoin ETF, Monochrome Bitcoin ETF and DigitalX Bitcoin ETF.BlackRock’s initiative aims to expand accessibility and democratize investment opportunities for more Australians, as both retail and institutional investors have shown greater interest in Bitcoin as a potential portfolio diversifier.This move aligns with BlackRock’s strategy to grow assets under management and revenues. Last month, it launched iShares Bitcoin exchange-traded product (ETP) on the London Stock Exchange, allowing users to invest in retail assets.BlackRock’s Price Performance & Zacks RankYear to date, shares of BlackRock have gained 3.4% against the industry’s decline of 10.6%.Image Source: Zacks Investment ResearchCurrently, BLK carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Crypto Ventures by Other Major Finance FirmsLast month, Bloomberg reported that JPMorgan JPM intends to allow institutional clients to borrow against their Bitcoin and Ethereum holdings by late 2025.The lending program will be offered globally and will rely on a third-party custodian to hold the pledged crypto assets. This initiative expands on JPMorgan’s earlier pilot that used BlackRock’s iShares Bitcoin Trust as collateral.Similarly, CNBC noted that Morgan Stanley MS has notified its financial advisors that it is expanding crypto investment access to all clients and permitting such investments across all account types.As a result, Morgan Stanley’s advisors will be able to recommend crypto funds to any client. In contrast, previously these offerings were limited to investors with aggressive risk profiles and at least $1.5 million in assets.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report BlackRock (BLK): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
Quelle: Zacks