Skip to content
Sunday 23 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,816.56
+0.64%
DAX
26,136.56
+0.59%
CAC 40
8,484.43
+0.37%
STOXX 50
6,462.22
+0.63%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 07 February 2022 11:00 am  |  Updated:  Friday 04 February 2022 3:46 pm

Letters: Blackrock, paper, scissors

By: Morning Wire reporter

Add as a preferred source on Google
Tuesday was another record day for the Bitcoin ETFs. This time, it was a new record in terms of outflows, with $326 million leaving the Bitcoin invested funds. Not even BlackRock's IBIT could save the day with inflows of only $75 million. But, even with the market cratering, it wasn’t all bad news. BlackRock’s SEC filing of their USD Institutional Digital Liquidity Fund to invest in tokenised assets was a reminder how much more money can potentially flow into crypto. 
Tuesday was another record day for the Bitcoin ETFs. This time, it was a new record in terms of outflows, with $326 million leaving the Bitcoin invested funds. Not even BlackRock's IBIT could save the day with inflows of only $75 million. But, even with the market cratering, it wasn’t all bad news. BlackRock’s SEC filing of their USD Institutional Digital Liquidity Fund to invest in tokenised assets was a reminder how much more money can potentially flow into crypto. 

[Re: BlackRock enters the TikTok fray with ‘financial wellness’ account, Feb 4]

Blackrock, the world’s biggest asset manager has decided to join Tik Tok, to give advice to people on “financial wellness”. This sort of performative “up with the kids” attitude is not unsurprising, but it is problematic.

The more the big names jump onto trends like Tik Tok, the more the platforms can be abused to give people dodgy financial advice. Blackrock’s presence of the platform means other “financial advisers” using the platform will be able to claim a level of legitimacy they would not have otherwise been able to.

The global chief marketing officer said they were looking to Tik Tok because they want to entice “the next generation of investors”.

This is typical of Blackrock that has always tried to paint itself as a cutting edge asset management firm. But ultimately, these things need to be done with consideration. It is possible to reach out to young people without necessarily playing by their rules (or on their apps).

It smells a little like a dad trying to use “lol” in an attempt to say “lots of love” rather than “laugh out loud”.

Andrew Mulligan

[Re: Downing Street in turmoil, Feb 4]

It’s time to level up No10 and move Boris Johnson out.

Ruth Henry

Read more

Nationwide warns returns from corporate AI are still hard to measure

Nationwide hands customers £100.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Letters

Trending Articles

  • Can debt-ridden Morrisons become a Big Four supermarket again?

  • Ratcliffe’s Ineos saves Runcorn plant

  • Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover

  • Burnham predicted to raise taxes for ‘fundamental’ cost of living support

  • Amazon says it buys books in bulk to ‘improve products’

More from Morning Wire

  • Nationwide warns returns from corporate AI are still hard to measure

    Tech
    Nationwide hands customers £100.
  • Moove Raises $250 Million at $2.1 Billion Valuation to Scale the Global Infrastructure Layer for Autonomous Mobility

    Business Wire
  • Burnham to hand mayors power to overrule local councils’ planning decisions

    Politics
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing current political issues in Manchester.
  • Cliganic Launches at Planet Organic, Bringing Consumers Back to the Roots of Organic Beauty in the UK

    Business Wire
  • Quilter toasts record inflows as financial advice push pays off

    Investing
    Business professionals in formal attire engaged in a lively discussion at a corporate meeting in a modern office setting.
  • AutoRek Acquires Grath to Set a New Standard in AI-Powered Reconciliation

    Business Wire
  • Glencore targets secondary listing in Australia as London loses mining shine

    Mining
    Glencore corporate headquarters building exterior with the company logo sign, representing the commodities firm.
  • Ask the expert: Is this a hack for contributing £29,000 to an ISA?

    Personal Finance
    Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook