BlackRock’s Bitcoin ETF crosses $1 billion in inflows By Investing.com
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NEW YORK – BlackRock Inc (NYSE:).’s iShares ETF has achieved a significant milestone, surpassing $1 billion in total inflows, bolstered by a substantial single-day increase. The fund experienced a remarkable $371 million inflow on Wednesday, underscoring the growing investor interest in cryptocurrency-related financial products.
Rachel Aguirre, a representative from BlackRock, highlighted that the ETF is drawing a wide array of investors, ranging from individual retail participants to large institutional entities. This diversity is indicative of the varying degrees of crypto investment readiness across the market spectrum. BlackRock is actively engaging in educational initiatives aimed at both clients and financial advisors through its iShares division to enhance understanding of Bitcoin and its potential role within investment portfolios.
As of now, BlackRock does not intend to incorporate Bitcoin directly into its model portfolios. However, the ETF’s holdings are substantial, with ownership exceeding 25,067 BTC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
NEW YORK – BlackRock Inc (NYSE:).’s iShares ETF has achieved a significant milestone, surpassing $1 billion in total inflows, bolstered by a substantial single-day increase. The fund experienced a remarkable $371 million inflow on Wednesday, underscoring the growing investor interest in cryptocurrency-related financial products.
Rachel Aguirre, a representative from BlackRock, highlighted that the ETF is drawing a wide array of investors, ranging from individual retail participants to large institutional entities. This diversity is indicative of the varying degrees of crypto investment readiness across the market spectrum. BlackRock is actively engaging in educational initiatives aimed at both clients and financial advisors through its iShares division to enhance understanding of Bitcoin and its potential role within investment portfolios.
As of now, BlackRock does not intend to incorporate Bitcoin directly into its model portfolios. However, the ETF’s holdings are substantial, with ownership exceeding 25,067 BTC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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