BlackRock Warns of Crypto Scams Targeting ETF Investors 4o mini

BlackRock has issued a warning about a surge in crypto scams targeting investors in its iShares Bitcoin and Ether ETFs.

The asset management company advised investors to avoid social media interactions with anyone claiming to represent BlackRock and offering investment opportunities or training, particularly on platforms like WhatsApp and Telegram.

Since its launch in January, BlackRock’s iShares Bitcoin Trust has accumulated $19.7 billion in Bitcoin, surpassing other U.S. spot BTC ETF providers in total inflows.

At the Bitcoin 2024 conference, BlackRock’s digital assets head, Robert Mitchnick, highlighted that client interest is predominantly in Bitcoin and Ethereum, with little demand for other cryptocurrencies.

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He anticipated that investors would likely allocate around 20% of their crypto portfolios to Ethereum, with the majority in Bitcoin.

BlackRock CEO Larry Fink recently acknowledged Bitcoin as “digital gold” and a legitimate financial asset, marking a significant shift in his perspective.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.