BlackRock Layoffs: Is the Political Backlash Caused by ESG the Motivation Behind the Development of Bitcoin ETFs?
Bitcoin Investing TradFi 

BlackRock Layoffs: Is the Political Backlash Caused by ESG the Motivation Behind the Development of Bitcoin ETFs?

ESG controversy has attracted attention in the political arena, including several prominent Republicans, such as the presidential nominee, who have criticized BlackRock’s ESG strategy. The Republican Party believes that ESG policies impact investment freedom and advocates for multiple anti-ESG bills. This political backlash has resulted in tangible financial consequences, with approximately $6 billion being withdrawn from BlackRock funds by conservative state pension funds.

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