Blackrock Investors Plan to Invest More than $2 Billion in Bitcoin ETFs

Blackrock Investors Plan to Invest More than $2 Billion in Bitcoin ETFs

user avatar

by Max Nevskyi

3 years ago

Matthew Sigel, the head of the digital asset analysis department at the investment firm VanEck, has announced plans by investors to invest more than $2 billion in a Bitcoin ETF developed by Blackrock.

I learned from a fairly reliable source that Blackrock has attracted an additional $2 billion from Bitcoin holders who are increasing their positions in the past week. I can't vouch for its accuracy, but you know, everyone is doing this now. They're calling and trying to find people willing to write checks to buy these [Bitcoin ETF] products.said Sigel.

Matthew noted that according to VanEck's analytical assessments, in the first quarter since the launch of spot Bitcoin-ETF trading, $2.5 billion will be invested, and this volume will reach $40 billion in two years. However, he also acknowledged that considering Blackrock's clients' significant interest in derivatives, these forecasts significantly underestimate the fund's potential.

Bloomberg received confirmation from its sources, indicating that Blackrock plans to allocate significant funds to the Bitcoin ETF on the first day after the listing of the derivative fund to demonstrate high trading volume and thus attract substantial interest from investors.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Polygon Labs Launches New Payment Controls for AI-Agent Transactions

Polygon Labs has launched new payment controls for AI-agent transactions, allowing automated agents to make purchases within defined parameters while managing associated risks.

user avatarRajesh Kumar

Polygon Labs Highlights Risks in Automated Payment Systems

Polygon Labs highlights the complexities and risks in automated payment systems, emphasizing the need for audit trails and compliance measures.

user avatarJesper Sørensen

Tokenized Asset Compliance Faces Practical Challenges

The announcement from Further Asset Management highlights significant challenges in the practical implementation and legal interpretation of compliance rules for tokenized assets.

user avatarLucas Weissmann

Chainlink Introduces CustodySync to Enhance Institutional Lending

Chainlink has launched CustodySync in collaboration with Anchorage Digital to synchronize information between custodians and decentralized lending protocols, facilitating institutional borrowing while ensuring compliance with custody regulations.

user avatarFilippo Romano

Uniswap Developer Analytics: A New Tool for Enhanced User Engagement

Uniswap Labs has launched Developer Analytics, a new feature for developers to analyze requests, error counts, and transaction volumes, aimed at improving user retention and overall developer experience.

user avatarEmily Carter

Uniswap Labs Introduces Developer Analytics to Enhance Dashboard Experience

Uniswap Labs has launched Developer Analytics on October 28, 2023, adding new reporting features to its developer dashboard to enhance the developer experience.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.