BlackRock (BLK) Stock Could Be 11% Undervalued Following Bitcoin ETF Filing

BlackRock has seen its stock deliver a powerful run over the past few years, which naturally puts a spotlight on whether the current valuation is really backed by the returns the business earns on its capital. With the asset manager pushing deeper into areas like bitcoin-linked products, AI infrastructure financing and tokenized funds, the question now is how much of that ambition is already priced in. Over the past 3 years the share price has gained about 99.9%, so a lot of future...