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News - According to BlackRock: Crypto ETFs soon to be part of model portfolios
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30-07-20242 min read
According to BlackRock: Crypto ETFs soon to be part of model portfolios
Bitcoin ETFs have been available since January, and Ethereum is also now tradable on the exchange. By the end of 2024, crypto ETFs should even be included in model portfolios.
If it were up to the Chief Investment Officer for ETFs of BlackRock, Samara Cohen, lies, will Bitcoin- and Ethereum-ETFs will be part of so-called model portfolios by the end of 2024. In an interview with Bloomberg, she stated that major banks are already considering crypto-ETF allocations.
BlackRock CIO of ETF and Index Investments Samara Cohen discusses the iShares Ethereum Trust ETF (ETHA) and expects we'll see allocation of crypto ETFs in model portfolios by the end of this year and into 2025 https://t.co/5UOLwIRWHL pic.twitter.com/rYqpym7Wqg
— Bloomberg Crypto (@crypto) July 29, 2024
According to Cohen, Bitcoin and Ethereum are useful for diversifying such model portfolios. These model portfolios value diversification and represent a balanced relationship between risk and return.
With the iShares Bitcoin Trust (IBIT), BlackRock has launched one of the most successful ETFs of all time. Since the inception of the trade investors have invested about US$19.9 billion.
The recently launched Ethereum ETF (ETHA) can also count on inflow worth $500 million.
Why ETH exchange products have disappointed so far, read here: Ethereum ETFs disappoint investors. In addition does BlackRock consider the opportunities on further crypto-ETFs such as Solana, Cardano and the like is small.
