BlackRock's ETF CIO Samara Cohen discusses Bitcoin and cryptocurrencies.
BlackRock has ruled out a Solana ETF, focusing instead on established cryptocurrencies like Bitcoin and Ether, according to CIO Samara Cohen.
BlackRock foresees Bitcoin and Ethereum ETFs becoming part of major investment portfolios by late 2024, according to Samara Cohen, their head of ETF investments.
BlackRock's CIO for ETF and Index Investments, Samara Cohen, stated that a Solana ETF is unlikely due to technical issues and market concerns. This news dampens investor hopes fueled by Solana's recent 30% rise.
BlackRock CIO Samara Cohen stated that the asset manager is not pursuing any ETF, including a Solana spot ETF, in the near future despite Bitcoin and Ethereum meeting expectations.
BlackRock's ETF department CIO Samara Cohen stated that there are no short-term plans for a Solana ETF product.
Samara Cohen from BlackRock highlights the slow adoption of spot Bitcoin ETFs by registered investment advisors, with 80% of investments coming from self-directed investors.
BlackRock's Samara Cohen reports institutional investors are embracing U.S. spot Bitcoin ETFs, though RIAs remain cautious, as discussed at Coinbase’s State of Crypto Summit.
Financial advisors in the U.S. are cautious about spot Bitcoin ETFs, while self-directed investors are more enthusiastic about the new opportunity.
BlackRock's chief investment officer, Samara Cohen, notes growing institutional interest in Bitcoin ETFs, though they remain predominantly popular among self-directed investors. Currently, around 80% of Bitcoin ETF purchases are made through online brokerage accounts. The iShares Bitcoin Trust (IBIT) is included among these options.
BlackRock is integrating public blockchains, especially Ethereum, marking a major shift in traditional financial approaches. Leaders announced this move at Coinbase's State of Crypto Summit 2024, showing growing acceptance of public blockchains.
BlackRock aims to include crypto ETFs in model portfolios by year-end, says investment chief Samara Cohen.
