Search results for BSTBL
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Money flowed out of BlackRock\'s spot bitcoin ETF IBIT, with $122 million withdrawn, ending a three-week streak of net inflows in the U.S. spot crypto ETF market.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.
Crypto
BlackRock urges changes to GENIUS Act implementing rules amid differences with OCC
BlackRock has urged the U.S. Office of the Comptroller of the Currency to withdraw a provision that would cap tokenised assets at 20 percent of stablecoin reserve assets, saying the limit is unnecessary. It said reserve-asset risk should be judged by liquidity, maturity and credit quality, not whether assets are tokenised. BlackRock also asked for clarity on what qualifies as eligible reserves, including whether Treasury ETFs qualify, and proposed adjustments to diversification options in the draft rules.