BlackRock's Tokenized Fund Continues to Rise Amidst Crypto Downturn
CryptoNewsTerminal Staff08 Jul, 2024
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.