BlackRock: Investors are Hooked with Bitcoin
Apr, 2024

BlackRock: Investors are Hooked with Bitcoin

Robert Mitchnick, Head of Digital Assets in BlackRock referred to new moves from the company, the largest fund manager in the world, in cryptos and how clients are looking for that case.


“Clients are focusing mainly on Bitcoin, much less in Ethereum and not at all in other cryptos”.


This happened after the introduction of new Bitcoin Spot ETFs, which was one of the most successful launches in the history of financial products.


Indeed, for 49 consequent days, Bitcoin ETFs from BlackRock received cash inflows, a fact that only 30 ETFs have achieved it in the history of stock exchanges.


In the next periods, we will see new ventures in the sector that will bring more liquidity and investment possibilities, so the prices will surge for sure.


Until then, patience……..


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