BlackRock Advises Investors to Invest in Corporate Bitcoin ETF Shares

BlackRock, the largest asset management firm globally, recently hosted a closed event focusing on Bitcoin and Bitcoin ETFs. This event could mark a pivotal moment for cryptocurrencies in traditional financial sectors. Insights from the event were shared by Steven Lubka, Managing Director and Head of Private Client and Family Office at Swan.

Lubka highlighted several key points discussed by BlackRock representatives during the event. One significant detail, as per Lubka, is BlackRock organizing an exclusive event for its "top clients" to promote Bitcoin ETFs. This confirms the notion that BlackRock is gearing up to leverage its marketing and trading tools to promote its Bitcoin ETF.

Another revelation from the event was BlackRock acknowledging interest in Bitcoin ETFs from traditionally conservative layers of the investment world. Representatives from BlackRock stated, "We're getting calls from people we never expected to get calls from." This statement underscores a significant shift in Bitcoin's perception.

BlackRock's recommendation, according to a mathematical analyst, regarding portfolio allocation to Bitcoin, was perhaps the most significant revelation: it suggested allocating up to 28% of investors' portfolios to Bitcoin ETF shares from this fund. Additionally, BlackRock plans to extend its Bitcoin ETF beyond the US borders, entering the global financial market, considering its subsidiaries in 38 countries worldwide.