BlackRock's Etheruem-Based Tokenized Fund BUIDL Surpasses $500 Million in AUM

IconCryptoNewsTerminal Staff08 Jul, 2024

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BlackRock's Etheruem-Based Tokenized Fund BUIDL Surpasses $500 Million in AUM

BlackRock's Ethereum-based tokenized fund, BUIDL, has surpassed $500 million in assets under management (AUM), according to a report by Coindesk. The fund, which was launched in March, offers investors exposure to a basket of digital assets, including Bitcoin, Ethereum, and Polygon. The tokenized fund is part of BlackRock's broader push into the digital asset space. The firm has also launched a spot Bitcoin private trust and is reportedly exploring the launch of an exchange-traded fund (ETF) that would track the price of Bitcoin. The growth of BlackRock's tokenized fund highlights the growing institutional interest in digital assets. As more and more investors seek to gain exposure to this new asset class, tokenized funds are likely to play an increasingly important role.

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