BlackRock Inc. (BLK): Today's Price, Market Movement, and Investment Tip

 BlackRock Inc. (NYSE: BLK) is a leading global asset manager. Here's its recent stock performance:

Blackrock Inc. (BLK)

In addition to its asset management services, BlackRock manages the Circle Reserve Fund, a government money market fund specifically designed for Circle, the issuer of the USDC stablecoin. This fund aims to preserve the value of investments at $1.00 per share, though it cannot guarantee this outcome. Blackrock

The Circle Reserve Fund is a registered Rule 2a-7 government money market fund managed by BlackRock Advisors, LLC. Its portfolio consists of cash and short-dated U.S. Treasuries, and it's exclusively available to Circle. As of December 27, 2024, the fund's size was approximately $37.5 billion. BlackRock

In April 2024, Circle introduced a smart contract functionality that allows holders of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle in exchange for USDC. This development enables near-instant, 24/7 transfers, enhancing liquidity and efficiency for investors. Circle

Please note that investing in money market funds involves risks, including the potential loss of principal. While these funds strive to maintain a stable value, they cannot guarantee it. It's essential to review the fund's prospectus and consider your investment objectives and risk tolerance before investing.