BlackRock executive: Investment advisors are starting to shift their attitude towards accepting bitcoin ETFs
2024-06-17 04:50:19
Samara Cohen, chief investment officer of BlackRock ETFs and Index Investments, said investment advisors have been "cautious" about Bitcoin ETFs in the past, but are now starting to shift and gradually explore investing in Bitcoin ETF funds. According to Samara Cohen, according to last quarter's 13-F filing, hedge funds and brokerages have been buyers of Bitcoin ETFs, but registered investment advisors are more "cautious". Investment advisors are fiduciaries of clients. For Bitcoin, an asset class that has historically fluctuated by up to 90% in price, their job is actually to structure investment portfolios and do risk analysis and due diligence, and they are doing those things now. We are on the right path and they are doing their due diligence.
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