BlackRock’s Bitcoin ETF Attracts Diverse Range of Investors
BlackRock’s Bitcoin ETF, IBIT, is drawing interest from a wide range of investors, indicating growing interest in the crypto market. Rachel Aguirre, Head of U.S. iShares Product at BlackRock, discussed the increasing demand for the company’s spot Bitcoin ETF in a recent interview with Bloomberg TV.
Aguirre stated that BlackRock has seen engagement from various types of investors, including retail and self-directed investors. Some investors have shown readiness to invest right from the beginning. She also mentioned that the firm is paying attention to those who are newly exploring this asset class and expressed a positive outlook towards this emerging interest.
While Aguirre did not confirm if BlackRock’s model portfolios will include Bitcoin allocations in the near future, she emphasized the firm’s commitment to educating clients and financial advisors about Bitcoin to empower informed financial decisions.
BlackRock’s IBIT Surpasses $1 Billion Inflow Mark
The US spot Bitcoin ETF market is reaching significant milestones, with BlackRock’s IBIT becoming the first to surpass $1 billion in inflows. In a single day, IBIT added $371 million, bringing its total holdings to 25,067 BTC valued over $1 billion. Fidelity’s FBTC follows closely with $881 million in inflows.
Hot Take: BlackRock’s Bitcoin ETF Gaining Momentum
BlackRock’s Bitcoin ETF, IBIT, is gaining momentum as it attracts a diverse range of investors. This reflects the growing interest in the crypto market across different investor profiles. With its recent milestone of surpassing $1 billion in inflows, IBIT is leading the way in the US spot Bitcoin ETF market. The strong demand for this product highlights the increasing acceptance and adoption of Bitcoin as an investment asset. As BlackRock continues to educate clients and financial advisors about Bitcoin, more investors are empowered to make informed decisions in this emerging asset class.
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