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

by Max Nevskyi

2 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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Mutuum Finance V1 Protocol Set for Deployment

The V1 protocol of Mutuum Finance is on track for deployment on the Sepolia testnet, paving the way for lending volumes and repayments.

Emily Carter17 minutes ago

Crypto Projects Struggle to Recover from Major Hacks

Nearly four out of five crypto projects that experience a major hack never fully recover due to operational paralysis and loss of trust.

Tomas Novak27 minutes ago

Silver Price Surge Reveals Major Banks' Short Position Risks

The recent rise in silver prices has raised concerns about the significant short positions held by major banks, potentially leading to a market crisis.

Katerina Papadopoulouan hour ago

Bybit CEO Ben Zhou to Present 2026 Roadmap

On January 29, 2026, Ben Zhou, the CEO of Bybit, will unveil the company's roadmap for the future of digital finance during a keynote in Dubai.

Maya Lundqvist2 hours ago

Terminology Debate Surrounds XRP Vaulting Practices

A recent discussion has emerged regarding the terminology used by Zach Rector in his commentary on XRP vaulting, highlighting the ongoing debate about how vaulting and liquidity should be described.