BlackRock Shares Jump 1.96% After US Treasury Adds Two iShares ETFs
BLK•Shares of BlackRock rose 1.96% in after-hours trading after the US Treasury said it will add two iShares ETFs to former President Trump's personal account options. BlackRock's iShares Core S&P 500 ETF recorded a 0.03% uptick, highlighting expanded index fund offerings in government-managed portfolios.
1. Treasury Expands Personal Account Options
The US Treasury has decided to include two of BlackRock’s iShares exchange-traded funds as investment choices within a set of personal accounts established for former President Trump. The move marks a rare instance of government agencies adopting private-sector ETF products for individual account offerings.
2. Market Reaction and Implications
Following the announcement, BlackRock shares climbed 1.96% in after-hours trading, reflecting investor optimism over potential inflows from government-managed portfolios. The modest 0.03% rise in the iShares Core S&P 500 ETF underscores growing demand for index-based strategies in official account structures.
