BlackRock's Quiet Power Move Into UK Crypto Market

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📈 Preview On Today’s News:

1. - BlackRock's Quiet Power Move Into UK Crypto Market

2. - Tether’s Billion-Dollar Bitcoin Bet Deepens

3. - Circle’s Bold Leap Toward Wall Street

Keep reading below for more!

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Today’s News:

1)

BlackRock's Quiet Power Move Into UK Crypto Market

BlackRock, the world’s largest asset manager with $10 trillion under management, has officially registered as a crypto asset firm in the UK, according to the Financial Conduct Authority (FCA). This strategic move enables BlackRock to legally operate its newly launched iShares Bitcoin exchange-traded product (ETP) in Europe, following its listing on the Euronext exchanges in Paris and Amsterdam. The ETP debuted with a fee waiver, reducing its expense ratio to 0.15% through year-end, signaling a competitive push to attract both retail and institutional investors. While BlackRock has remained silent on the UK registration, the listing of “BlackRock International” on the FCA’s official registry confirms its formal entry into the regulated crypto space, positioning it alongside firms like Coinbase, PayPal, and Revolut.

• BlackRock has secured FCA approval in the UK to operate as a crypto asset firm, enabling its European Bitcoin ETP to function under UK regulation.

• The iShares Bitcoin ETP, already listed in Paris and Amsterdam, launched with a competitive 0.15% fee, underscoring growing institutional interest in crypto investments.

2)

Tether’s Billion-Dollar Bitcoin Bet Deepens

Stablecoin giant Tether has purchased $750 million worth of Bitcoin in Q1 2025, adding 8,888 BTC to its reserves and bringing its total holdings to 92,646 BTC—now valued at over $7.8 billion. This move cements Tether’s position as the sixth-largest Bitcoin holder globally and follows its ongoing strategy of allocating 15% of net profits to BTC acquisitions, which began in 2022. With $3.86 billion in unrealized gains from these investments, Tether’s aggressive accumulation highlights growing institutional confidence, especially as the U.S. government under President Trump pushes to make the country a global crypto leader.

• Tether bought $750 million in Bitcoin in Q1 2025, raising its total holdings to over 92,646 BTC, worth $7.8 billion, and continuing its quarterly acquisition strategy.

• The company has $3.86 billion in unrealized gains, and its growing BTC reserves now rank sixth globally, reflecting increasing institutional momentum amid evolving U.S. crypto policies.

3)

Circle’s Bold Leap Toward Wall Street

Stablecoin issuer Circle has officially filed for an initial public offering (IPO), marking a significant step toward going public after several previous delays. The filing, submitted to the SEC on April 1, 2025, comes as crypto markets experience renewed optimism and regulatory support under President Donald Trump’s administration. Circle has enlisted JPMorgan and Citi as underwriters and hopes to begin trading within weeks, though delays are possible. This move follows a shelved SPAC merger in 2021 and a postponed IPO in 2022 due to market fallout from the FTX collapse. Now, with political momentum favoring stablecoins and a revived crypto landscape, Circle sees this as its best opportunity yet to bring USDC into the public market spotlight.

• Circle filed its IPO with the SEC, backed by JPMorgan and Citi, aiming to go public after previous setbacks in 2021 and 2022.

• Crypto-friendly sentiment under President Trump and revived market conditions are fueling Circle’s latest push to list publicly.

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