BlackRock, the world’s largest asset manager, is seeing a surge of new investors into its Bitcoin spot ETF. Chief investment officer (CIO) Samara Cohen told CNBC, “We’ve seen an influx of investors into the Bitcoin spot ETF. A large proportion of those are crypto natives who are new to Wall Street”. Cohen added, “We’re doing a lot of education with our fund clients about the benefits of an exchange-traded product for their crypto exposure. Notably, 80% of the investors in our Bitcoin Spot ETF are direct investors. That shows there is a lot of education that issuers need to do to help investors get more comfortable with bitcoin.” The BlackRock Bitcoin Spot ETF was launched on October 21, 2022. The fund has gathered over $20 billion in assets under management since its inception. The recent surge in inflows is likely due to a combination of factors, including increased interest in cryptocurrencies, the fund's low fees, and BlackRock's reputation as a trusted provider of investment products.