BlackRock faces pressure from New York City's comptroller, who is urging three major pension funds to drop the asset manager over inadequate climate plans, potentially affecting over $42 billion in assets. Conversely, the company's iShares Bitcoin Trust (IBIT) is experiencing significant growth. Nasdaq is seeking SEC approval to quadruple options trading limits on IBIT due to rapid growth in options activity. Furthermore, Texas purchased $5 million of the Bitcoin ETF for a state-based crypto reserve, and Manulife expanded its segregated fund offerings by introducing funds managed by BlackRock.