BlackRock's Tokenized Fund Continues to Rise Amidst Crypto Downturn

IconCryptoNewsTerminal Staff08 Jul, 2024

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BlackRock's Tokenized Fund Continues to Rise Amidst Crypto Downturn

Amidst the ongoing downturn in the crypto market, BlackRock's Ethereum-based tokenized fund, BUIDL, continues to experience inflows. According to IntoTheBlock's Twitter report, BUIDL's total assets under management (AUM) have now reached $491 million. This highlights the growing interest in tokenized funds and BlackRock's position as a leader in this emerging market.