BlackRock's Focus on Bitcoin and Ethereum ETFs Highlighted by Executive

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Resumo da IA

BlackRock's emphasis on Bitcoin and Ethereum ETFs signals a cautious approach to crypto expansion, prioritizing the development of established assets with proven demand and regulatory clarity.

According to Odaily, BlackRock's U.S. Thematic and Active ETF Head, Jay Jacobs, emphasized the company's current focus on Bitcoin and Ethereum during the 'ETFs in Depth' conference. Jacobs noted that their exploration into these cryptocurrencies is just beginning, describing it as 'the tip of the iceberg.' He highlighted that only a small number of clients currently hold Bitcoin (IBIT) and Ethereum (ETHA) ETFs, which is why the company is concentrating on these areas rather than launching new altcoin ETFs.

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