Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»BlackRock’s USD Institutional Digital Liquidity Fund Achieves $375 Million AUM
ADOPTION NEWS

BlackRock’s USD Institutional Digital Liquidity Fund Achieves $375 Million AUM

By Crypto FlexsApril 30, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock’s USD Institutional Digital Liquidity Fund Achieves 5 Million AUM
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

BlackRock’s USD Institutional Digital Liquidity Fund had $375 million in assets under management.

The fund, known as BUIDL, beat its closest rival, Franklin Templeton’s FOBXX, by nearly $8 million, according to data from Dune Analytics. FOBXX is a U.S. registered mutual fund using the Polygon and Stellar blockchains, with over $368 million in assets under management as of April 30.

According to the FOBXX website, “The Fund invests more than 99.5% of its total assets in U.S. government securities, cash and repurchase agreements collateralized by U.S. government securities or cash.” “The fund seeks to preserve shareholders’ capital and liquidity while providing a high level of current income. The fund also seeks to maintain a stable dollar-for-dollar share price.”

BlackRock agreed to launch BUIDL with real-world asset tokenization company Securitize in March, The Block previously reported. BUIDL raised $160 million in inflows in its first week of launch.

BlackRock is one of the world’s largest asset managers, and its spot Bitcoin ETF IBIT had $10 billion in assets under management in early March. IBIT had raised nearly $766 million in funding as of April 29, according to The Block’s data dashboard.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitfinex updates version 1.116 improved platforms

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025
Most Popular

Ether Lee’s MVRV indicators turn over with optimistic territory. Is there a rally on the horizon?

May 20, 2025

NVIDIA’s project G-Assist grants permission to the development of customized AI on GeForce RTX PCS.

April 23, 2025

MicroStrategy has become an iconic Bitcoin (BTC) investment strategy

November 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.