BlackRock Private Credit Strain Weighs on Crypto Markets

TLDR BlackRock limited withdrawals from its 26 billion dollar private credit fund after redemption requests increased. Blue Owl sold 1.4 billion dollars in loans to meet investor withdrawals. Shares of BlackRock, Apollo, Ares, and KKR fell between four and six percent on Friday. Bitcoin traded near 68360 dollars as credit market stress weighed on risk [...]

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