BlackRock’s 26 billion USD private credit fund limits redemptions, potentially sparking chain reactions in risky assets and the cryptocurrency market

BlackRock’s private lending fund, totaling around 26 billion USD, has restricted withdrawals due to high redemption requests, raising fears over possible consequences in both private lending and cryptocurrency markets.

With on-chain private lending nearing 5 billion USD, analysts warn that fluctuations in asset value could lead to liquidations in DeFi, potentially affecting the crypto ecosystem.