BLACKROCK’S BITCOIN ETF ATTRACTS 75% NEW INVESTORS ON WALL STREET 🚀
BlackRock’s Bitcoin ETF has sparked a lot of interest among investors on Wall Street, with 75% of participants joining the iShares platform for the first time. According to Samara Cohen, BlackRock’s head of ETF and index investments, these new investors are choosing to access BTC through investment vehicles such as ETFs rather than buying the cryptocurrency directly from exchanges. The data shows that 80% of these ETF buyers are direct investors, with a large portion of them turning to BlackRock’s Bitcoin products for the first time.
The success of BlackRock’s strategy lies in the fact that ETFs make it easier to access cryptocurrencies. ETFs are increasing trust in Bitcoin among institutional investors by offering security and transparency. As global interest in Bitcoin ETFs grows, BlackRock continues to play a leading role in this field. With a global market value of $63 billion in Bitcoin ETFs, BlackRock is poised to remain a strong player in this space.
Bottom Line: BlackRock’s Bitcoin ETFs provide traditional investors with safe and easy access to crypto, making Bitcoin more accessible to a wider audience.
#binance #escointoken $BTC $ETH
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes only. STAY TUNED‼️ Be sure to do your own research❗️
Source:
1. Cryptopolitan. (2023). BlackRock says its Bitcoin buyers are mostly Wall Street first-timers. Access address: cryptopolitan.com.
2. Cointelegraph. (2023). BlackRock's Bitcoin ETF attracts new investors, with 75% of buyers coming from Wall Street. Access address: cointelegraph.com.
3. Decrypt. (2023). BlackRock Preps for Bitcoin ETF Launch, Lines Up Seed Investor and Reveals Ticker.Access address: decrypt.co.
