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BlackRock CIO Says Registered Investment Advisors ‘Wary’ of Bitcoin ETFs
Cohen, who serves as BlackRock’s CIO of ETF and index investments, says that self-directed investors likely make up 80% of the Bitcoin ETF investments, reports CNBC.
She also notes that hedge funds and brokerages have been accumulating Bitcoin ETF shares.
But Cohen says one investor cohort has yet to take the plunge in the investment vehicle.Cohen believes that registered investment advisors (RIAs) are still in the early stages of the Bitcoin ETF adoption story.
