The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.
IBIT fell 1.32% to $59.99 on Thursday.
As IBIT attracts institutional capital, Strategy sees one of its lowest volatility readings, dampening speculative interest.
sBUIDL can be used as collateral, traded or deployed in DeFi protocols while maintaining exposure to yield from underlying Treasurys.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin has been trading sideways after reaching record highs above $110,000 last week.
BlackRock's IBIT has dominated those flows and has witnessed no outflows since April 9 in a 33-day run of its own.
Circle filed for an initial public offering on Tuesday.
BlackRock, an existing backer of Circle having invested in its $400 million Series F, manages the majority of USDC's backing assets.
The funds will be used to repurchase debt and are convertible into equity if Telegram goes public.
BlackRock Bitcoin warning In a rare move, BlackRock has quietly added a new line to its iShares Bitcoin Trust (IBIT) filing — and it is turning heads. The update, submitted in early May 2025, flags quantum computing as a potential risk to Bitcoin’s long-term security.The filing specifically warns that if quantum tech advances far enough, it could break the cryptographic systems that secure Bitcoin. In their words, it could “undermine the viability” of the cryptographic algorithms used not just in digital assets but across the global tech stack.It’s the first time you’ve seen the world’s largest asset manager call out this threat so directly in a Bitcoin-related disclosure, and it says a lot about how seriously institutional players are starting to take future-proofing crypto.Yes, exchange-traded fund (ETF) risk disclosures tend to be exhaustive by nature. But the fact that quantum computing made the cut (alongside more common concerns like volatility and regulatory shifts) suggests it’s no longer just a hypothetical issue in the eyes of big finance.For investors, this signals two things: first, that Bitcoin isn’t immune to emerging tech threats, and second, that institutional players like BlackRock are actively weighing those risks as they build long-term strategies in crypto. The message is clear: If the industry wants to stay ahead, preparing for a post-quantum world can’t wait.Did you know? As of early 2025, BlackRock manages over $11.6 trillion in assets, making it the largest asset manager globally. To put that in perspective, BlackRock’s assets under management exceed the combined GDP of Germany and France. Bitcoin quantum risk: Is it real? Quantum computers work differently from the laptops and servers we use today. Instead of crunching numbers one at a time, they can process huge numbers of possibilities at once. That makes them incredibly powerful — especially when it comes to cracking codes.Bitcoin’s security relies on two major cryptographic systems: SHA-256 and ECDSA. In plain terms, these are the tools that secure your Bitcoin address and make sure only you can authorize transactions. They’ve worked flawlessly for years, but quantum computers could change that.Here’s the worry: A powerful enough quantum computer might be able to reverse-engineer your private key from your public address, especially during that short window after you’ve broadcast a transaction but before it’s confirmed on the blockchain. If that ever became possible, someone could hijack your transaction and steal your coins.That sounds dramatic, but it’s not an immediate threat. Most researchers agree they’re still at least 10-20 years away from quantum machines that could actually pull this off. The tech just isn’t there yet — not at the scale or stability needed to break Bitcoin’s cryptography.Still, the warning signs are flashing. Roughly a quarter of existing Bitcoin (BTC) sits in older wallet formats that could be more vulnerable if quantum leaps happen faster than expected. And even if the timeline is long, the crypto community knows it has to act early. Work is already underway on post-quantum cryptography, which is a security system that could stand up to the next generation of computing.Did you know? Quantum computers can, in theory, solve certain problems exponentially faster than classical computers. For instance, Google’s Sycamore processor completed a specific task in 200 seconds, whereas it would take even the most advanced classical supercomputers approximately 10,000 years to finish. Is Bitcoin safe from quantum computing? While quantum computing still feels like a future problem, the crypto industry is already gearing up for it, and the efforts underway are more serious than most people realize.What Bitcoin’s doing (and not doing yet)Changing the protocol behind a blockchain is never simple; you need broad consensus, careful testing and a long lead time. But that hasn’t stopped developers from floating ideas regarding Bitcoin.One of the most talked-about proposals is something called QRAMP, the Quantum-Resistant Address Migration Protocol. The idea is to push users to move their coins from older, potentially vulnerable wallet formats into addresses protected by newer, quantum-safe algorithms. It would require a hard fork, so it’s no small lift, but it’s a serious plan to future-proof the network before a so-called “Q-Day” sneaks up.Who’s already ahead?Some blockchains aren’t waiting around. Algorand, for example, has already integrated Falcon, a post-quantum digital signature algorithm that’s been officially vetted by the US National Institute of Standards and Technology (NIST). That means transactions on Algorand are already being backed by encryption that could hold up even if quantum machines go live tomorrow.The Quantum Resistant Ledger (QRL) is another big one. It was built from day one with this threat in mind, using XMSS (a hash-based signature scheme) instead of traditional cryptography. It’s not a major player in market cap terms, but it’s one of the most advanced projects in terms of pure security design.Why it’s not easyOf course, none of this is simple to implement. Quantum-safe cryptography often comes with trade-offs. Algorithms like Falcon are compact and efficient, but they still require more computing resources than traditional ones. Moreover, switching everyone — miners, exchanges, wallet apps and individual users — to a new cryptographic standard could be a logistical nightmare unless it’s planned years in advance.Plus, there’s a delicate balance to strike. Move too soon, and you risk breaking things or relying on tech that isn’t battle-tested. Wait too long, and you’re exposed. That’s why many in the space are eyeing a 10-to-20-year window as a rough estimate for when quantum computing becomes a real threat. But even then, nobody wants to be the last to prepare. Bitcoin’s future and quantum computing If there’s one lesson from quantum conversation so far, it’s this: Being early matters. When it comes to tech that could one day rewrite the rules of digital security, waiting around just isn’t an option.So, what does preparation look like?For developers, it starts with testing and integrating quantum-resistant algorithms into existing systems. Some are already experimenting with “hybrid” approaches, using both traditional and post-quantum cryptography side by side, so networks aren’t caught off guard if (or when) Q-Day arrives.For crypto businesses — exchanges, custodians and wallet providers — the job is twofold: Make sure your infrastructure is future-proof, and make sure your users know what’s coming. Education and UX will play a huge role here. Migrating keys and updating protocols isn’t something the average holder can or should do alone.And then there’s the regulatory side — maybe not the most exciting part of crypto, but an absolutely critical one in this context.You are already seeing movement: The NIST finalized several post-quantum cryptographic standards in 2024. That gives the industry a starting point, a common language to build around. But what’s still missing is a clear regulatory push that says, “Here’s how and when this should happen.”Good policy here wouldn’t mean clamping down on innovation — it would mean supporting it. Think: funding open-source research, incentivizing post-quantum upgrades and creating frameworks that help institutions adopt secure standards without killing momentum.Did you know? The US government began preparing for the quantum threat as far back as 2016, and in 2024, the NIST’s move was sparked by growing fears that quantum computers could one day break the encryption protecting everything from Bitcoin to national security infrastructure.A slow burn BlackRock didn’t need to bring up quantum risk in its ETF filing — but it did. And when a company of that size puts it in writing, it turns vague rumors into something much more real.The transition to a quantum-resistant crypto world isn’t going to happen overnight. It’ll be messy, slow and full of tough technical choices. But it has to happen. Finally, waiting until quantum computers are actively breaking SHA-256 in the wild would already be too late.
U.S. spot Bitcoin and Ethereum ETFs attracted net inflows of $934.8 million and $110.5 million, respectively, on Thursday.
IBIT is up to nearly $9 billion worth of net inflows in 2025, having attracted $6.5 billion in the past month alone.
The strategy, offering an annualized yield exceeding 24%, will be soon rolled out to institutions and retail users.
The move came after the state investment board doubled its exposure to spot bitcoin ETFs late last year as markets fell.
Mubadala Investment Company added an extra 491,439 shares in BlackRock's IBIT Bitcoin ETF in Q1, currently worth $28.8 million.
BlackRock’s nearly $3 billion tokenized Treasury fund launched its “first direct DeFi protocol integration” with Euler on Avalanche.
The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.
Institutional appetite for digital assets is gaining momentum, with crypto investment products recording $882 million in inflows last week. According to new data from CoinShares, this marks the fourth straight week of positive flows. In 2025, digital asset investments have seen total inflows of $6.7 billion, which is rapidly approaching the $7.3 billion high set […]
The post Institutional investors contributed $882 million globally to surge in crypto investments last week appeared first on CryptoSlate.
Crypto investment products added $882 million worth of net inflows for the fourth week in a row, according to asset manager CoinShares.
Representatives for BlackRock, met with SEC staff to discuss staking and options for cryptocurrency exchange-traded funds.
BlackRock’s iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF analyst Eric Balchunas reported that IBIT ranked as the US’ sixth-highest fund by year-to-date inflows. According to the data, IBIT has pulled in over $6.9 billion since January, outperforming the SPDR Gold Shares […]
The post BlackRock’s Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metal’s historic rally appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock, the world’s largest asset manager, has made additional moves to incorporate blockchain technology into its traditional finance operations. According to an April 28 filing with the US Securities and Exchange Commission (SEC), the firm seeks approval to introduce a blockchain-enabled share class, referred to as “DLT Shares,” tied to its $150 billion money market […]
The post BlackRock unveils blockchain-enabled shares for $150B money market fund appeared first on CryptoSlate.
"It makes no fundamental sense, and yet when it's repeated enough, it can actually become a little self-fulfilling,” Mitchnik said.
BlackRock to work with BNY Mellon in creating a new class of 'Distributed Ledger Technology' shares for its Treasury Trust Fund
BlackRock's Head of Digital Assets Robert Mitchnick expressed his views in a panel discussion at Token2049 in Dubai.
BlackRock CEO Larry Fink highlighted in a shareholder letter earlier this year that tokenization will 'revolutionize' investing.
CME Bitcoin Futures open interest falls for four straight days, according to CME data.