© Reuters.
NEW YORK – BlackRock Inc's (NYSE:) iShares ETF has achieved a major milestone, surpassing $1 billion in total inflows, fueled by a substantial single-day surge. The fund saw a notable inflow of $371 million on Wednesday, underscoring growing investor interest in cryptocurrency-related financial products.
BlackRock representative Rachel Aguirre highlighted that the ETF is attracting a wide range of investors, from individual retail participants to large institutional entities. This diversity is indicative of the varying degrees of readiness for cryptocurrency investment across the market spectrum. BlackRock is actively involved in educational initiatives aimed at both clients and financial advisors through its iShares division to improve understanding of Bitcoin and its potential role within investment portfolios.
For now, BlackRock has no intention of incorporating Bitcoin directly into its model portfolios. However, the ETF's holdings are substantial, with ownership exceeding 25,067 BTC.
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