The post BlackRock Makes Strategic Shifts Ahead of Bitcoin ETF Approvals appeared first on Coinpedia Fintech News
The impending layoffs at BlackRock, estimated to affect around 600 employees globally, are surfacing amidst a period of transition and transformation. These changes appear as part of a strategic streamlining effort rather than an isolated event, echoing similar performance-based cuts conducted last year. On the flip side, this internal restructuring coincides with an important milestone on the horizon—the anticipated green light from the Securities and Exchange Commission (SEC) for BlackRock’s Bitcoin “spot” ETF on January 10.
Regulatory Challenges Lie Ahead!
Despite facing regulatory hurdles, BlackRock’s ETF division reported impressive growth. A Fox Business report highlighted that in 2023, the division attracted $187 billion in new investments. However, the company’s overall assets under management (AUM) have slightly decreased from over $10 trillion to $9 t

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