Odaily reported that BlackRock’s Jay Jacobs said about 75% of IBIT investors had never previously held an ETF. The comment points to the investor profile around IBIT and the way crypto ETFs are creating a connection between Bitcoin holders and traditional ETF products.
According to Cointelegraph, Jacobs said crypto ETFs are bringing Bitcoin holders into traditional finance. His remarks frame IBIT and similar products as a bridge between investors who already hold Bitcoin and the established structure of exchange-traded funds, including participants who did not have prior ETF exposure.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.