Bitcoin ETF

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-spot-bitcoin-etf-attracts-investors-from-all-sectors/" data-wpel-link="internal">BlackRock Spot Bitcoin ETF Attracts Investors from All Sectors</a> 
After an exciting period for the crypto market, spot <a href="https://en.coin-turk.com/3-charts-that-could-send-bitcoin-prices-soaring/" data-wpel-link="internal">Bitcoin</a> ETF products have been introduced to investors, and steps towards ETF products continue to make headlines. On January 17, speaking to Bloomberg, Rachel Aguirre, Head of US iShares Products at BlackRock, revealed that the firm’s new spot Bitcoin ETF product has attracted interest from investors across the board. 
<h2 class="p1" style="text-align: justify" id="significant-statements-from-blackrock-executive">Significant Statements from BlackRock Executive</h2> 
While interest in the spot Bitcoin ETF product IBIT continues, in response to whether the outflows from Grayscale’s GBTC product have shifted to IBIT, Aguirre added that the firm has seen interest from both individual and institutional investors, with some ready to invest from day one: 
<blockquote> 
 “At the same time, we are focused on investors who are just beginning to look at this new asset class, and we are very excited about this.” 
</blockquote> 
Aguirre did not comment on whether BlackRock’s model portfolios will include Bitcoin developments in the coming weeks and months. However, the firm is focused on educational efforts about Bitcoin for clients and <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> advisors: 
<blockquote> 
 “What I will say is that we are focused on understanding the educational needs that support our clients throughout their investment journey and empowering them to make the right financial decisions for themselves.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-277153 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/BlackRock-Spot-Ethereum-ETF.jpeg" alt="" width="1280" height="720"> 
<h2 class="p1" style="text-align: justify" id="noteworthy-data-in-the-etf-field">Noteworthy Data in the ETF Field</h2> 
Yahoo Finance‘s data on spot Bitcoin ETF products shows that newly launched US spot Bitcoin ETFs exceeded the $10 billion mark in cumulative trading volume in just four days, reaching $11.8 billion at the end of the trading day. Grayscale, BlackRock, and Fidelity products accounted for about 90% of the total volume, continuing their dominance. 
On January 17, the trading volume for spot Bitcoin ETF products reached approximately $2.2 billion, following the $1.8 billion recorded on January 16, which was below the $3 billion on January 12 and the $4.6 billion on the first day of trading. 
According to Bloomberg ETF analyst Eric Balchunas, BlackRock and Fidelity’s ETF products are leading in terms of attracting new capital to the instruments. Balchunas said that BlackRock recorded a total of $710 million in the first three days of trading, while Fidelity recorded $524 million. Meanwhile, Grayscale reported an outflow of $1.2 billion for its converted fund during this period, and the total net investment amount for all new spot Bitcoin ETF products was $782.5 million. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-spot-bitcoin-etf-attracts-investors-from-all-sectors/" data-wpel-link="internal">BlackRock Spot Bitcoin ETF Attracts Investors from All Sectors</a></h5>

BlackRock Spot Bitcoin ETF Attracts Investors from All Sectors

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