Solana

Bitcoin ETF

Bitcoin

<p class="is-style-lead">BlackRock reveals that its Bitcoin ETF draws a wide range of investors, reflecting growing interest across different investor profiles in the crypto market.</p>
<p>In a recent interview with <a href="https://www.bloomberg.com/news/videos/2024-01-17/ibit-inflows-coming-from-different-directions-aguirre-video" data-type="link" data-id="https://www.bloomberg.com/news/videos/2024-01-17/ibit-inflows-coming-from-different-directions-aguirre-video" target="_blank" rel="noopener noreferrer nofollow">Bloomberg TV</a>, Rachel Aguirre, Head of U.S. iShares Product at BlackRock, discussed the burgeoning interest in the company’s new spot Bitcoin ETF, IBIT.</p>
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   <p lang="en" dir="ltr">BlackRock Head of US iShares Product Rachel Aguirre says that the influx of flows into IBIT are coming from both retail and new investors <a href="https://t.co/4ohfZ4ugkC" target="_blank" rel="noopener noreferrer nofollow">https://t.co/4ohfZ4ugkC</a> <a href="https://t.co/TRKIKsz29s" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TRKIKsz29s</a></p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1747702920252923918?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 17, 2024</a>
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<p>In response to inquiries about whether an investment in IBIT was being redirected from <a href="https://crypto.news/grayscale-moved-1-3b-bitcoin-to-coinbase-since-etf-approval/" rel="noopener noreferrer nofollow">Grayscale’s GBTC</a> product, Aguirre noted that the firm “observed engagement from various investors, including both retail and self-directed types.” She mentioned that some “investors had shown readiness to invest” from the outset.</p>
<p>Aguirre further stated that the “firm is paying attention to investors who are newly exploring this asset class”, expressing a positive outlook towards this emerging interest.</p>
<p>You might also like: <a href="https://crypto.news/franklin-templeton-eyes-solana-network-a-prelude-to-a-solana-etf/" rel="noopener noreferrer nofollow"> Franklin Templeton eyes Solana network: A prelude to a Solana ETF? </a></p>
<p>Aguirre did not specify if BlackRock’s model portfolios will include Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) allocations in the near future. However, she emphasized the firm’s commitment to educating clients and financial advisors about Bitcoin, empowering investors to make informed financial decisions.</p>
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   <p lang="en" dir="ltr">BlackRock's <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$IBIT</a> is the first US spot Bitcoin ETF to cross the $1 billion inflow threshold w/ yesterday's $371m<br><br>Fidelity's <a href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FBTC</a> in second place w/ $881 million overall <a href="https://t.co/6svFXnHcGR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6svFXnHcGR</a></p>— Katie Greifeld (@kgreifeld) <a href="https://twitter.com/kgreifeld/status/1747953605439545593?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 18, 2024</a>
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<p>The US spot <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> market is witnessing <a href="https://crypto.news/spot-bitcoin-etfs-net-inflow-approaches-3b/" data-type="link" data-id="https://crypto.news/spot-bitcoin-etfs-net-inflow-approaches-3b/" rel="noopener noreferrer nofollow">significant milestones</a>, with BlackRock’s IBIT becoming the first to surpass the $1 billion inflow mark, recently adding $371 million in a single day. Fidelity’s FBTC follows closely with $881 million in inflows. BlackRock now holds an impressive 25,067 BTC, valued over $1 billion, for their spot Bitcoin ETF.</p>
<p>Read more: <a href="https://crypto.news/eth-growth-leads-bitcoin-as-investors-deploy-1-billion/" rel="noopener noreferrer nofollow"> ETH growth leads Bitcoin as investors deploy $1 billion </a></p>

BlackRock reports diverse investor interest in its spot Bitcoin ETF

crypto.news

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