The last time I saw news about BlackRock was the news about taking over Ukrainian state-owned enterprises. In order to obtain assistance from Western countries, Zelensky sold all Ukrainian state-owned enterprises to BlackRock, including land, energy, mining, finance and other fields. What is the background of such a wealthy BlackRock?

I believe many people are unfamiliar with BlackRock, but it is actually the world's largest asset management company, and is known as the world's three major financial giants along with Vanguard and State Street (SSgA). It almost controls They are the world's top companies in various fields, and they influence every aspect of life. This may sound a bit exaggerated, but from the Fat House Happy Water you drink to the Hollywood movies you watch, these three companies are all influential.

When you go to buy shampoo, you will find that there are many different brands, including Head & Shoulders, Rejoice, and Pantene, but no matter who you choose, the company behind these brands is P&G, and 19.57% of P&G's shares come from these three giants. , Wellington ranked fourth with only 1.97%; in addition to Procter & Gamble, the largest shareholders behind daily necessities companies such as Pepsi, Coca-Cola, Nestlé, and Unilever are also these three giants.

In addition, BlackRock is one of the major shareholders of the giants in the technology field that you are familiar with, including Amazon, Google, Apple, Microsoft, Tesla, etc. If you look carefully, you will find that well-known companies in various industries have BlackRock. In addition to his own investment, Ryder also invests in other shareholders. Various forces are intertwined, which means he indirectly controls countless companies, which also determines that he has a very high political voice around the world.

BlackRock manages US$10 trillion in assets. What is the concept? Equivalent to the GDP of Germany and Japan combined. The reason why BlackRock can achieve such a large scale is inseparable from his sword and shield.

Shield: strict risk control

BlackRock has almost strict requirements for risk management and investment discipline. The financial magic lamp "Aladdin" launched by BlackRock builds various financial models based on massive data, and analyzes the challenges faced by various financial assets connected to it. Analyze, evaluate, and monitor risks and provide risk solutions. Attracting access from Citigroup, JPMorgan Chase, Microsoft and the world’s largest pension fund, Japan Pension Fund.

Sword: Expansion

BlackRock's growth is based on accumulation, and its endogenous growth is relatively conservative. Externally, it continues to expand and acquire. It successively acquired Merrill Lynch and State Street Research, and continued to expand at the bottom of several financial crises, and finally stood firm. achieved the leading position in the industry.

So everyone is curious, why does such a behemoth rarely appear in media reports? There are two main reasons

1. Put an end to the celebrity fund manager culture

BlackRock founder Larry Fink said: Since the founding of BlackRock, I have made every effort to prevent the star fund manager culture from taking root at BlackRock.

2. Control media public opinion

This is a bit of a conspiracy theory. Due to BlackRock's influence, he doesn't want the attention of ordinary people. He just wants you to immerse yourself in endless debates of opinions and nipple fun, thereby exploiting everything.

Finally, the question that everyone is most concerned about is the market impact of BlackRock’s application for a Bitcoin ETF. I think the probability of success this time is still relatively low.

In fact, BlackRock has applied for a Bitcoin ETF many times in history, but was rejected every time.

2017: BlackRock applied for a Bitcoin ETF in March 2017, but the SEC believed that the Bitcoin market was not mature enough and contained potential manipulation and security risks.

2018: BlackRock applied for a Bitcoin ETF again in January 2018, but was rejected by the SEC in August of the same year. The SEC said BlackRock failed to prove that the Bitcoin market was sufficiently transparent and liquid for the SEC to approve a Bitcoin ETF.

2021: BlackRock submitted a new Bitcoin ETF application in July 2021, proposing some new security measures, such as using the CME CF Bitcoin Reference Rate to determine the fund’s net value and storing Bitcoin in a In a cold storage facility managed by a personal custodian. However, the SEC still expresses concerns about the regulation and security of the Bitcoin market.

However, there is generally a lack of information in the market. It is believed that a company with an asset management of 10 trillion applying for a Bitcoin ETF is a great benefit and will bring about an increase in emotions. In fact, this expectation does not exist unless it is really approved. However, from application to The time period to pass also takes at least half a year, which is obviously not enough to support the market to bring the next wave of climax. Please treat it rationally.