CryptoCointelegraphabout 5 hours ago
BlackRock sees Bitcoin ETFs pulling crypto users into TradFi
1 min read
BlackRock's Jay Jacobs said 75% of iShares Bitcoin Trust ETF investors had never owned an ETF before. The fund holds $48 billion in assets and 765,936 BTC. Many Bitcoin ETF buyers then purchase BlackRock's S&P 500, AI, and gold funds. BlackRock calls this crossover the "Great Convergence.
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