Search results for BRSRV
Crypto
S&P gives BlackRock tokenised reserve fund top stability rating
BlackRock’s new tokenised money market fund has received AAAm, S&P Global Ratings’ highest principal stability fund rating. The rating applies to the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). S&P said it reflected investment assets, counterparty creditworthiness, maturity structure and managers’ ability to maintain a stable net asset value. The tokenisation framework was also assessed, including controls to reduce cyber, smart contract and blockchain network risks.
Crypto
BlackRock IBIT sees $122 million outflow, ending three-week run of net inflows for U.S. bitcoin ETFs
Money flowed out of BlackRock\'s spot bitcoin ETF IBIT, with $122 million withdrawn, ending a three-week streak of net inflows in the U.S. spot crypto ETF market. Total net outflows from U.S. spot crypto ETFs reached $265.37 million, with IBIT accounting for about half. Outflows also hit Fidelity\'s FBTC and Ark 21Shares\' ARKB. On-chain data showed 1,948.07 BTC moved to Coinbase Prime, roughly matching IBIT’s outflow.
Crypto
BlackRock launches tokenised money market funds for stablecoin reserve assets
BlackRock has launched two tokenised money market funds designed for use as reserve assets by U.S. stablecoin issuers. Cointelegraph reported on Aug. 3 that the products are intended to help meet eligible reserve asset requirements for U.S. payment stablecoin issuers under the federal stablecoin law known as the GENIUS Act, enacted in July 2025. The funds are called BSTBL and BRSRV and run on blockchain networks.