đ„đ„đ„BlackRock, established in 1988 in New York by Larry Fink and others, is a public investment company with over $9tn in AUM:
â«ïžBlackRock offers a wide range of investment products, including mutual funds and iShares ETFs, with recent approval of the iShares Bitcoin Trust (IBIT) spot Bitcoin ETF by the SEC
â«ïžDespite facing scrutiny over its investments in fossil fuels and investigations over investments in Chinese companies, BlackRock continues to maintain a significant market presence
â«ïžThe company's timeline includes milestones such as becoming the world's largest asset manager in 2009 after acquiring Barclayâs Global Investors and launching iShares in 2012
â«ïžNotable achievements include quadrupling assets to $2.7bn in 1989, reaching $9.42tn in AUM by 2023, and the recent approval of the spot Bitcoin ETF by the SEC in 2024
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