Bitcoin ETF

Bitcoin

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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-spot-bitcoin-etf-attracts-diverse-investors-amidst-market-buzz" rel="noopener noreferrer nofollow">BlackRock Spot Bitcoin ETF Attracts Diverse Investors Amidst Market Buzz</a> 
Following an exciting period in the crypto market, spot <a href="https://en.bitcoinhaber.net/bitcoin-price-analysis-whats-next-for-btc" rel="noopener noreferrer nofollow">Bitcoin</a> ETF products have been launched, drawing attention from investors. Rachel Aguirre, BlackRock’s US iShares Product Chief, revealed on January 17th to Bloomberg that their new spot Bitcoin ETF has garnered interest from various investor types.
While BlackRock’s spot Bitcoin ETF, IBIT, continues to attract investors, Aguirre confirmed that both individual and institutional investors showed immediate interest, including those new to this asset class, indicating a broadening investor base.
Aguirre did not comment on whether BlackRock’s model portfolios would incorporate Bitcoin-related developments in the coming weeks or months. However, she emphasized the company’s commitment to educating clients and financial advisors about Bitcoin, aiming to empower them to make informed financial decisions.
According to Yahoo Finance, newly launched US spot Bitcoin ETF products achieved a cumulative trading volume of over $10 billion in just four days, with Grayscale, BlackRock, and Fidelity’s products dominating approximately 90% of the total volume.
On January 17th, the trading volume for spot Bitcoin ETF products reached approximately $2.2 billion, following $1.8 billion the previous day. Bloomberg ETF analyst Eric Balchunas highlighted that BlackRock and Fidelity’s ETF products are leading in attracting new capital, with BlackRock recording $710 million and Fidelity $524 million in inflows over the first three days, while Grayscale reported a $1.2 billion outflow for its converted fund.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/blackrock-spot-bitcoin-etf-attracts-diverse-investors-amidst-market-buzz" rel="noopener noreferrer nofollow">BlackRock Spot Bitcoin ETF Attracts Diverse Investors Amidst Market Buzz</a></h5>

BlackRock Spot Bitcoin ETF Attracts Diverse Investors Amidst Market Buzz

BH NEWS

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