BlackRock ETF Head: 80% of Bitcoin Trading Product Buyers are Direct Investors

ChainCatcher news, according to CNBC, in the past five trading days, net inflows into spot Bitcoin exchange-traded funds exceeded $2.1 billion, with BlackRock accounting for half of the sales.

BlackRock ETF and Index Chief Investment Officer Samara Cohen stated that one of the strategies to attract clients to invest in their funds is to introduce the benefits of exchange-traded products (ETPs) to cryptocurrency investors. Currently, most investors are new cryptocurrency enthusiasts, and data shows that 80% of sellers are direct investors. Among these 80% of direct investors, 75% have never held iShares. Additionally, a16z found in its recently released cryptocurrency status report that over 40 million Americans hold cryptocurrencies.