US regulators have told at least three of the eight firms applying to launch exchange-traded funds tied to the price of ether, the world's second-largest cryptocurrency, that they are likely to give the final go-ahead for the new products to launch next Tuesday, July 23, according to three industry sources.
Investment firm BlackRock Inc (NYSE:BLK) stock was last seen down 0.3% to trade at $826.03, brushing off a second-quarter earnings beat after the company also reported a revenue miss.
Proving the old stock market adage that it is often better to travel than arrive, shares in BlackRock Inc (NYSE:BLK) held firm in early trade and after what looked like a solid set of quarterly figures. A 4% rise in the five days up the results largely price surprise news in the figures.
BlackRock (BLK) reported a record $10.6 trillion in assets under management (AUM) in its second-quarter earnings report Monday, as profits and revenue rose year-over-year.
Assets of BlackRock , the world's largest money manager, hit a record high of $10.65 trillion in the second quarter and the firm posted a 9% jump in profit on Monday, as stronger equity markets drove robust fee income growth.
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