Summary
- BlackRock has announced that it is focusing on Bitcoin and Ethereum spot ETFs rather than altcoins.
- BlackRock's Bitcoin spot ETF 'IBIT' surpassed $50 billion in assets under management 228 days after its launch.
- The Bitcoin spot ETF has reportedly surpassed the company's gold ETF in terms of assets under management.
BlackRock has stated that it is not considering launching altcoin spot ETFs.
According to Eric Balchunas, a Bloomberg ETF analyst, Jay Jacobs, BlackRock's ETF head, said, "Our involvement in Bitcoin (BTC) and Ethereum (ETH) is just the tip of the iceberg."
He added, "Only a small portion of our clients hold Bitcoin and Ethereum spot ETFs. We are focusing on this area."
Meanwhile, BlackRock's Bitcoin spot ETF 'IBIT' surpassed $50 billion in assets under management just 228 days after its launch. It is also reported to have surpassed the company's gold ETF in terms of assets under management.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
