Cointelegraph·7h ago·positive

BlackRock says 75% of IBIT buyers are first-time ETF investors

BlackRock says three-quarters of its IBIT Bitcoin ETF buyers had never owned an ETF before, showing crypto is onboarding users into traditional finance, not just the reverse.

75% of iShares Bitcoin Trust (IBIT) investors are first-time ETF buyers, per BlackRock's Jay Jacobs.
IBIT holds $48 billion in AUM with 765,936 BTC, launched January 2024.
Many IBIT investors go on to buy BlackRock's S&P 500, AI and gold ETFs.
BlackRock calls the merging of TradFi and crypto the 'Great Convergence.'
The firm also launched a Bitcoin Premium Income ETF (BITA) using covered call options.

marketexchangeImpact 7/10

Why our editor rated this positive

Shows Bitcoin ETFs are driving mainstream adoption and bridging crypto with traditional finance. Positive signal for industry growth and legitimacy.

Read the full story at Cointelegraph

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