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Bitcoin ETF

Bitcoin

<div class="cryptonews">
 <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 Bloomberg TV, Rachel Aguirre, Head of U.S. iShares Product at BlackRock, discussed the burgeoning <a rel="noopener noreferrer nofollow" title="interest" href="https://thebittimes.com/tag/interest.html">interest</a> 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 <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a>s https://t.co/4ohfZ4ugkC pic.twitter.com/TRKIKsz29s</p>— Bloomberg Crypto (@crypto) January 17, 2024
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 <p>In response to inquiries about whether an investment in IBIT was being redirected from Grayscale’s GBTC product, Aguirre noted that the firm “observed engagement from various <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a>s, including both retail and self-directed types.” She mentioned that some “<a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a>s had shown readiness to invest” from the outset.</p>
 <p>Aguirre further stated that the “firm is paying attention to <a rel="noopener noreferrer nofollow" title="investor" href="https://thebittimes.com/tag/investor.html">investor</a>s who are newly exploring this asset class”, expressing a positive outlook towards this emerging <a rel="noopener noreferrer nofollow" title="interest" href="https://thebittimes.com/tag/interest.html">interest</a>.</p>
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 <p>Aguirre did not specify if BlackRock’s model portfolios will include Bitcoin (BTC) 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 $IBIT is the first US spot Bitcoin ETF to cross the $1 billion inflow threshold w/ yesterday's $371m<br><br>Fidelity's $FBTC in second place w/ $881 million overall pic.twitter.com/6svFXnHcGR</p>— Katie Greifeld (@kgreifeld) January 18, 2024
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 <p>The US spot Bitcoin ETF market is witnessing significant milestones, 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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-reports-diverse-investor-interest-in-its-spot-bitcoin-etf-tbt77001.html">https://thebittimes.com/blackrock-reports-diverse-investor-interest-in-its-spot-bitcoin-etf-tbt77001.html</a></p>

BlackRock reports diverse investor interest in its spot Bitcoin ETF

TheBitTimes

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