BlackRock’s Bitcoin Empire Nears $100 Billion Milestone — What’s Their Ultimate Crypto Play?

BlackRock's digital asset division quietly builds a $100 billion Bitcoin fortress while traditional finance watches from the sidelines.

The Institutional Takeover

Wall Street's sleeping giant now commands nearly $100 billion in Bitcoin assets—transforming from crypto skeptic to market maker in under three years. Their ETF products vacuum up institutional capital while retail traders scramble for scraps.

The Unspoken Strategy

BlackRock isn't just collecting digital gold—they're building the plumbing for the next financial system. Their real endgame? Controlling the bridges between traditional finance and decentralized networks while collecting fees from both sides.

Because nothing says financial revolution like 2% management fees on a $100 billion portfolio.

Mega issues

This week alone witnessed IPOs targeting over ₹30,000 crore in mainboard platform, including mega issues such as Tata Capital, Canara Robeco AMC, Canara HSBC Insurance and WeWork India.

“It shows the strong appetite that exists for good-quality companies at reasonable valuations. It also yet again busts the myth that large issuances or big IPOs suck out liquidity from the secondary market,” said Pranav Haldea, Managing Director of PRIME Database Group. “As we have seen this week, despite the huge subscriptions to these IPOs, the benchmark indices have actually rallied, contrary to widespread expectations till last week.”

Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, attributed LG’s success to its unique positioning. “There are very few consumer durable brands that have been listed on stock exchanges, which is the reason it has its buoyancy and response from the investors,” he said.

Bathini noted the distinction between this week’s offerings. “There are many choices for the investors to invest in NBFCs at this point in time,” he said, referring to Tata Capital. “Coming to the consumer durable, like one of the largest brand in India, LG, that have its own specialty right now, among all these IPOs.”

The consumer electronics major offered 7.13 crore shares in the price band of ₹1,080-1,140 per share. The issue was managed by Axis Capital, Citigroup Global Markets India, Morgan Stanley India, J.P. Morgan India, and BofA Securities India as book-running lead managers.

Published on October 9, 2025