Rachel Aguirre, one of BlackRock executives, said that Bitcoin is not suitable for every investor and that investors are currently in the phase of understanding it.
Aguirre, who manages BlackRock’s iShares products in the US. “Bitcoin is not for everyone and advisors are acutely aware of this. “We are here to educate them and support our customers on this journey.” said.
of Bitcoin both return and risk profile in terms of unique features Aguirre said that investors This “new asset class” He stated that they are trying to understand how it can fit into their portfolio.
BlackRock’s spot Bitcoin ETF, which started trading on January 11, has so far More than $3.5 billion saw trading volume and More than $1.6 billion received an influx of money.
Aguirre, “We know the headaches that come with holding Bitcoin directly — hot wallets, cold wallets, passwords… We take all that burden off investors and offer them a way to invest easily.” said.
Speaking about cryptocurrency regulations in the USA, the BlackRock manager discussed the work done in the field of legal regulation. “they welcome” he emphasized.
Following SEC approval of spot Bitcoin ETFs Spot exchange traded funds for Ethereum Discussion began whether it would be allowed or not. Aguirre, “We are constantly thinking about what our customers need and trying to meet them early, and we will continue to do so.” made the statement.