đąOdaily Planet Daily broke the news! Samara Cohen, Chief Investment Officer of BlackRock ETF and Index Investment, shouted at the Coinbase Cryptocurrency Summit that Bitcoin ETF is a bridge between cryptocurrency and traditional finance! đThis is undoubtedly good news especially for investors who want to allocate Bitcoin but don't want to manage risks in two different ecosystems! đ
Ms. Cohen pointed out that the existing cryptocurrency market could not meet the needs of some investors before the emergence of ETFs. đ€Currently, about 80% of Bitcoin ETF purchases may come from "self-directed investors" who usually configure through online brokerage accounts. đ
Last quarter's 13-F filings showed that hedge funds and brokerage firms also became buyers, but registered investment advisors appeared more "cautious." đ¶Financial advisors' concerns about Bitcoin include cryptocurrency price volatility and its relatively short record. đBut in any case, the prospects for Bitcoin are still worth looking forward to! đȘ (Source: CNBC)
