• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Amber Group and Ethena Foundation Deposit 132M ETH to Exchanges

chest

Amber Group and the Ethena Foundation deposited approximately 132 million worth of Ethereum to leading cryptocurrency exchanges, potentially signaling strategic institutional moves.

user avatarArif Mukhtar

Contrasting Actions of Institutional Players in Crypto Market

chest

The contrasting actions of Amber Group and Ethena Foundation's deposits and Arrington Capital's withdrawals highlight diverse strategies in the cryptocurrency market.

user avatarLuis Flores

Solo Bitcoin Miner Secures Full Block Reward Worth $295,000

chest

An unidentified solo Bitcoin miner has achieved a remarkable feat by mining a full block, earning approximately $295,000 and securing 316 BTC.

user avatarMaria Gutierrez

Alchemy Pay Secures Money Transmitter License in South Dakota

chest

Alchemy Pay has secured a Money Transmitter License in South Dakota, allowing it to operate legally in 13 states and enhancing trust for users and merchants.

user avatarDavid Robinson

Crypto Fear and Greed Index Shows Greed for the First Time Since October

chest

The Crypto Fear and Greed Index has recorded a greed score of 61 for the first time since October, indicating improved investor sentiment after weeks of fear.

user avatarAndrew Smith

Turbo (TURBO) Displays Elite Short-Term Momentum

chest

Turbo has shown impressive short-term momentum, supported by rising transaction frequency. Analysts describe its recent performance as premier among microcap assets, although the sustainability of this momentum remains uncertain.

user avatarSon Min-ho

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.