Here's the latest news about BlackRock's involvement in the crypto market:

- *BlackRock's Crypto Asset Holdings*: BlackRock's crypto asset holdings decreased by $5 billion due to the recent decline in Bitcoin and Ethereum prices. However, their funds tracking these two largest cryptocurrencies by market value still generated $3.1 billion in net inflows.

- *BUIDL Fund Growth*: BlackRock's BUIDL fund has surpassed $2.1 billion in assets under management on Ethereum, demonstrating growing recognition of blockchain's role in traditional finance. The fund generates yield through U.S. treasuries and benefits from blockchain's efficiency and transparency.

- *Blockchain Adoption*: BlackRock's BUIDL fund showcases the increasing adoption of blockchain technology in traditional finance, providing investors with safer, yield-bearing instruments like tokenized U.S. treasuries.

- *Investment Strategy*: Despite market downturns, BlackRock's crypto funds have seen significant growth, highlighting the company's strategic approach to cryptocurrency investments and its potential for blockchain-based securities ¹ ².