#Samara Cohen, head of BlackRock’s Bitcoin ETF, explained that 75% of Bitcoin ETF investments come from crypto enthusiasts, not Wall Street.
Also, 80% of buyers of Bitcoin ETFs are new investors in BlackRock’s iShares products.
#BinanceTurns7 #MarketDownturn #
The market cap of Bitcoin ETFs has exceeded $63 billion, with inflows of $20 billion, with BlackRock taking the lion's share$BNB
.##pepe⚡
Additionally, the Securities and Exchange Commission (SEC) has made significant progress by approving the listing of Bitcoin options funds, providing investors with flexible tools for hedging and speculation, although actual listing awaits approval from the CFTC.
Bitcoin ended the third quarter up 140% year-over-year, reaching $68,300.
With the recent interest rate cut by the Federal Reserve, positive expectations towards cryptocurrencies have increased, as Bitcoin market activity has increased and market sentiment has improved, indicating a continuation of the upward momentum.
