{"id":144732,"date":"2024-12-13T21:00:02","date_gmt":"2024-12-13T19:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144732"},"modified":"2024-12-13T16:48:44","modified_gmt":"2024-12-13T14:48:44","slug":"blackrock-leaves-altcoins-behind-focuses-on-bitcoin-and-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrock-leaves-altcoins-behind-focuses-on-bitcoin-and-ethereum-etfs\/","title":{"rendered":"BlackRock Leaves Altcoins Behind, Focuses on Bitcoin and Ethereum ETFs"},"content":{"rendered":"

Instead, the company is prioritizing the expansion of its successful Bitcoin<\/a> <\/strong>(IBIT) and Ethereum<\/a> <\/strong>(ETHA) ETFs, which have seen impressive performance milestones this year.<\/p>\n

Jay Jacobs, head of BlackRock\u2019s ETF division, recently confirmed<\/a> <\/strong>that the firm does not plan to introduce new altcoin-based ETFs. He explained that, given the strong performance of Bitcoin and Ethereum ETFs, the company\u2019s efforts will remain concentrated on these assets. Jacobs noted that only a small portion of BlackRock\u2019s clients currently own IBIT and ETHA, indicating significant room for growth.<\/p>\n

BlackRock\u2019s decision to focus on Bitcoin and Ethereum reflects its strategy of solidifying its position in the cryptocurrency market with these more established assets. The firm\u2019s Bitcoin ETF recently surpassed over 50 European funds in trading volume, while its Ethereum ETF hit the $1 billion mark in just two months, signaling increasing institutional interest.<\/p>\n