BlackRock exec: 'Don't expect a Bitcoin, Ethereum ETF anytime soon'...lack of client demand

IconCryptoNewsTerminal Staff25 Jul, 2024

cryptonews.jpg

BlackRock exec: 'Don't expect a Bitcoin, Ethereum ETF anytime soon'...lack of client demand

BlackRock executives do not expect a Bitcoin, Ethereum ETF to be launched anytime soon due to a lack of client demand. "I don't think you'll see a spot Bitcoin ETF approved anytime soon," said BlackRock's global head of ETF and index investing, Salim Ramji. "There's still a lot of hesitance from a regulatory perspective." Ramji also noted that there is a lack of client demand for a Bitcoin ETF. "We've done a lot of research with our clients, and there's just not a lot of demand for it," he said. The lack of client demand is likely due to the volatility of Bitcoin and other cryptocurrencies. Bitcoin's price has fluctuated wildly over the past few years, and there is no guarantee that it will continue to rise in value. This volatility makes it a risky investment for many investors. In addition to the lack of client demand, there are also a number of regulatory hurdles that would need to be overcome before a Bitcoin ETF could be approved. The Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin ETF, and it is unclear when or if it will do so.

Related News