Bitcoin achieved $103.9K, a new ATH, just days ago, which many never thought would happen, whereas a few analysts foresee even a higher goal based on the Bitcoin ETF’s popularity and worldwide adoption. In this, BlackRock, a multinational management corporation, has played a major role with the IBIT ETFs and ETHA ETFs inflows that have brought the world’s attention to the Exchange Traded Funds. However, despite the demand and success with these, the firm is holding back on other crypto ETFs, and there is a simple but serious reason behind that.
BlackRock Executive Revealed ‘Why No New Crypto ETFs’
BlackRock has a 99.9% ETF approval rate, and because of this, investors and delegates have demanded a few more altcoin ETFs. However, the firm is likely to put a hold on that, as they have focused on Bitcoin and Ethereum ETFs for now. The senior ETF analyst at Bloomberg, Eric Balchuna, revealed this through a recent X post, sharing a statement of Jay Jacobs, U.S. Head of Thematics and
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