Ethereum

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrocks-focus-on-bitcoin-and-ethereum-etfs-signals-growing-demand/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock’s Focus on Bitcoin and Ethereum ETFs Signals Growing Demand</a><br></p>
<p style="text-align: justify">The head of BlackRock’s exchange-traded funds (ETF) division highlighted that the demand for Bitcoin (BTC) and Ethereum (ETH) ETFs is still in its early stages. According to Bloomberg ETF analyst Eric Balchunas, BlackRock executive Jay Jacobs stated that they are concentrating on BTC and ETH ETFs instead of alternative crypto ETFs.</p>
<h2 id="blackrock-s-focus-area">BlackRock’s Focus Area</h2>
<p style="text-align: justify">Jacobs remarked, “We are really just at the tip of the iceberg with Bitcoin and especially Ethereum. Only a small fraction of our clients hold IBIT and ETHA, so we are focusing on these instead of launching new <a href="https://en.coin-turk.com/what-is-trac-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> ETFs.” The related ETFs currently make up only a small part of customer portfolios.</p>
<p style="text-align: justify">BlackRock’s iShares Bitcoin Trust ETF (IBIT) has net assets of $54.38 billion, while the iShares Ethereum Trust ETF (ETHA) reached approximately $3.84 billion. IBIT was launched in January, while ETHA was introduced in July. Currently, IBIT is trading at $57.80, and ETHA at $29.71.</p>
<h2 id="market-developments">Market Developments</h2>
<p style="text-align: justify">Balchunas reported that Mike Venuto of Tidal Financial Group indicated that Bitcoin is increasingly intertwined with options strategies. Venuto stated, “All types of options strategies are coming attached to ETFs related to Bitcoin, Nvidia, Tesla, and MicroStrategy.”</p>
<p style="text-align: justify">Bitcoin, the largest crypto asset in the market, experienced a slight decline and is trading at around $101,895. BlackRock’s focus on BTC and ETH ETFs reflects growing demand in the <a href="https://en.coin-turk.com/addressing-challenges-and-creating-value-the-status-of-cryptocurrencies-in-the-market-economy/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/crypto-billionaires-are-these-cryptocurrencies-an-opportunity-that-will-not-be-affected-by-lawsuits/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market. The performance of these ETFs and market strategies offer significant indicators for the sector’s future developments, potentially aiding investors in shaping their strategies regarding crypto assets.</p>
<p>The post <a href="https://en.coin-turk.com/blackrocks-focus-on-bitcoin-and-ethereum-etfs-signals-growing-demand/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BlackRock’s Focus on Bitcoin and Ethereum ETFs Signals Growing Demand</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

BlackRock’s Focus on Bitcoin and Ethereum ETFs Signals Growing Demand

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