BlackRock Bitcoin News: 75% of IBIT buyers are ETF newcomers

robot
Abstract generation in progress
Crypto news, as reported by 99bitcoins, states that in BlackRock’s iShares Bitcoin Trust ETF (IBIT), 75% of buyers had never owned an ETF before. Many investors, after purchasing IBIT, began buying S&P 500 funds, gold ETFs, and AI products from the same issuer. This phenomenon shows that Bitcoin ETFs are not only a channel for traditional investors to enter digital assets, but also attract crypto-native investors into traditional finance. In an interview with Cointelegraph, BlackRock’s Jay Jacobs disclosed that IBIT currently holds 765,936 BTC, with assets under management totaling $4.8 billion, making it the largest spot Bitcoin ETF. Jacobs also noted that after entering the ecosystem, many IBIT investors continue to buy BlackRock’s S&P 500 ETFs and gold funds.
BTC0.27%
IBIT-1.92%
US500-0.22%
XAUUSD-1.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
FeeSwitchLobbyist
· 4h ago
75% new buyers + subsequent purchases of S&P Gold AI — Blackstone’s funnel is playing it perfectly, driving two-way traffic between the crypto world and traditional markets.
View OriginalReply0
CrystalBallForSentiment
· 4h ago
The way traditional capital enters the market has changed; it's not about trading cryptocurrencies but buying ETFs. This conversion pathway is quite cleverly designed.
View OriginalReply0
  • Pinned