BlackRock Inc., the world’s largest asset manager, is making significant strides in the realm of derivative-based exchange-traded funds (ETFs). According to analysts' forecasts, by 2030, the assets of so-called outcome-oriented ETFs will triple, reaching $650 billion. This growth is driven by several factors, including an increasing number of financial advisors and demographic shifts in the investment market.
Recent changes in the energy asset market have once again drawn the attention of professionals and experts in the field of investment. Private investment firm NGP Energy Capital Management has agreed to purchase assets from Occidental Petroleum Corp. $OXY for more than $900 million. This deal comes amid growing concerns regarding Occidental's debt load and its standing in the financial market.
Recent developments in the cryptocurrency space have captured the attention of investors and analysts once again. Bank of America $BAC, one of the largest banks in the United States with $472 billion in assets under management, has announced an increase in its holdings in Bitcoin $BTCUSD ETFs (exchange-traded funds focused on Bitcoin). According to Odaily, the bank's investment in this area has risen from $14 million to $24 million.
Tether $USDTUSD, the issuer of the USDT stablecoin, recently published its financial results for 2024, marking significant growth and record-breaking achievements in Q4. Backed by an audit from BDO—one of the top five global auditing networks—these results highlight Tether's robust asset base and efficient stabilization strategies. Notably, key market tickers include Tether (USDT) and Bitcoin (BTC), both widely recognized on global exchanges.
