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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on January 19, 2024, 05:44:57 AM

Title: Blackrock's Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdin
Post by: sirty143 on January 19, 2024, 05:44:57 AM

Blackrock's Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdings

(https://i.imgur.com/GE40HHFm.jpg)

In a recent interview, Rachel Aguirre, the head of product for Blackrock’s Ishares U.S., delved into the substantial inflows witnessed by the firm’s new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre highlighted that the IBIT ETF has attracted a diverse group... See more for yourself here (https://news.bitcoin.com/blackrocks-bitcoin-etf-attracts-diverse-investors-secures-25067-btc-in-holdings/).

Your opinion is greatly appreciated.

Title: Re: Blackrock's Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdin
Post by: Faisal2202 on January 19, 2024, 09:17:26 PM

That's an obvious statement that she the lead of IBIT shares has made, I mean those who are ready from the day one must invest in IBIT shares but I am amazed to hear that self Self-directed investors are also trading in BTC ETFs. I mean what benefit they would be making out of this? They must be getting:

• Convient way of trading, like without getting into the work of setting up wallets, and exchanges and then taking full responsibility.
• They can attach their banks directly and BlackRock is a trusted platform so there is less risk.
• The only good benefit of trading in BTC ETF I am seeing is diversification, as these Self-directed investors must not be BTC enthusiasts or someone who had tested BTC before ETFs.

As I said before BTC ETFs will break the record of Gold which will obviously take some time like maybe after the halving when bull run will start. This will be the next big milestone we will achieve.