BlackRock said retail investors are showing increased interest in its spot Bitcoin ETF iShares Bitcoin Trust, reported Bloomberg.
Representatives of the financial giant noted a large influx of funds from various sources. BlackRock's head of iShares products in the US, Rachel Aguirre, said that the spot Bitcoin ETF is of interest to retail and self-directed investors.
In addition, the company’s management indicated a willingness to invest not only among experienced traders, but also from new clients. Many market participants are “looking closely at this asset class,” BlackRock noted.
On December 15, 2023, it became known that the inflow into the company’s spot Bitcoin ETF amounted to about $500 million in the first two days from its launch. At the same time, the total trading volume exceeded $1.6 billion.
BlackRock officials said the firm will focus on financial education for users. According to them, the company will also provide clients with advice regarding questions about the first cryptocurrency.
It is noteworthy that the founder of the BitMEX exchange, Arthur Hayes, considers interest from large investors to be a threat to Bitcoin.
According to the entrepreneur, this could transform the first cryptocurrency from a tool of financial freedom into an institutional asset. This development of the situation contradicts the decentralized ethics of Bitcoin.
Source: Cryptocurrency
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