Ethereum

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Grayscale experiences significant outflows from its Bitcoin and Ethereum ETFs, while BlackRock sees considerable inflows.</li> 
 <li>BlackRock has no plans to introduce additional crypto ETFs beyond Bitcoin and Ethereum.</li> 
</ul>  
<p>Spot <a href="https://coineagle.com/price/bitcoin/">Bitcoin (BTC)</a> and <a href="https://coineagle.com/price/ethereum/">Ethereum (ETH)</a> ETFs have recently attracted a lot of attention from investors.</p> 
<p> However, Grayscale has seen significant outflows, with its ETH ETF losing $210 million and its Bitcoin ETF losing $54.3 million on July 29th.</p> 
<h2 id="blackrock-s-performance">BlackRock’s Performance</h2> 
<p>In contrast, BlackRock reported inflows of $58.2 million into its ETH ETF and $256.6 million into its BTC ETF on the same day.</p> 
<p> Despite this impressive performance, the overall trend indicates net inflows totaling $124.1 million for Bitcoin ETFs, while ETH ETFs experienced a net outflow of $98.3 million.</p> 
<p>Samara Cohen, BlackRock ETF and Index Investments CIO, acknowledged the negative flow of Ethereum ETFs in an interview.</p> 
<p> She emphasized the importance of considering both trading volumes and fund flows when evaluating the health and activity of ETH ETFs.</p> 
<h2 id="blackrock-s-future-plans">BlackRock’s Future Plans</h2> 
<p>Cohen also revealed that BlackRock does not plan to introduce additional crypto ETFs, including a spot Solana ETF, in the near future.</p> 
<p> She stated that only Bitcoin and Ethereum have met the firm’s investment criteria, and no other altcoins currently meet the necessary standards.</p> 
<p> This decision highlights BlackRock’s cautious approach to expanding its crypto ETF offerings, focusing solely on the two most established cryptocurrencies.</p> 
<p>BlackRock’s head of digital assets, Robert Mitchnick, echoed this sentiment at a recent Bitcoin conference, stating that the firm sees no immediate prospects for new crypto ETFs.</p> 
<p> Samara Cohen, BlackRock’s CIO, expects that crypto ETFs will become a staple in “model portfolios” by the end of 2024, reflecting BlackRock’s strategic focus on navigating the crypto market with a measured approach.</p>

BlackRock Stays with Bitcoin and Ethereum, Rejects Solana ETF – The Next Steps

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Další články publikované 31. 7. 2024

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