Strategic Focus on Bitcoin and Ethereum: Jay Jacobs, head of U.S. Thematic and Active ETFs at BlackRock, described their exploration of Bitcoin and Ethereum as just the ‘tip of the iceberg,’ indicating a significant commitment to these leading cryptocurrencies in the ETF market.
Selective Client Engagement in ETFs: Currently, only a small segment of clients is invested in Bitcoin and Ethereum ETFs, prompting BlackRock to prioritize these established digital assets over altcoins, ensuring a focus on reliable demand and clearer regulatory frameworks.