Jay Jacobs, this data is interesting—turns out IBIT has become the first ETF ticket for crypto natives, bringing traditional asset allocation logic onto on-chain communities, and blending narratives is way more appealing than confrontation narratives.

Crypto World News reports that BlackRock’s ETF head, Jay Jacobs, said that approximately three-quarters of IBIT investors had never previously held an ETF. IBIT was originally seen as a channel for traditional investors to enter Bitcoin, but in reality it has also become an entry point for digital-asset users into the traditional ETF market. Jacobs said that some users, after buying IBIT, also began allocating to other BlackRock funds such as the S&P 500, AI, and gold. He believes that in the future, the market will discuss less about TradFi versus DeFi and more about the parallel integration of TradFi and DeFi.