BlackRock Says 75% of IBIT Investors Were New to ETFs

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According to Jay Jacobs, BlackRock's U.S. head of equity ETFs, roughly 75% of iShares Bitcoin Trust (IBIT) investors were new to exchange-traded funds before purchasing the product. The fund, which launched in January 2024, currently manages approximately $48 billion in assets and holds 765,936 BTC, making it one of the largest institutional entry points for bitcoin exposure.
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