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Fidelity Refiles For Spot Bitcoin ETF


Asset manager Fidelity filed paperwork TK WHEN with the Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded fund (ETF) which will be traded under the name TK

Asset Manager Schroders in Search of Crypto Custodian for Digital Asset Push


Schroders Plc, an asset management firm with over $900 billion in assets under management, is venturing into crypto and is actively searching for a third-party custodian to support its digital asset expansion. According to a recent Bloomberg report that cited “people with knowledge of the matter,”...

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023


Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...

World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year


The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes...

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