BlackRock Executive: About 80% of Bitcoin ETF purchases come from "self-directed investors," financial advisors are more cautious

ChainCatcher news, BlackRock ETF and Index Investment Chief Investment Officer Samara Cohen stated at the Coinbase cryptocurrency summit in New York that currently about 80% of Bitcoin ETF purchases may come from "self-directed investors, who typically allocate through online brokerage accounts." According to the last quarter's 13-F filings, hedge funds and brokerage firms have also become buyers, but registered investment advisors are somewhat more "cautious." Financial advisors' concerns about Bitcoin include the volatility of cryptocurrency prices and its relatively short track record.

Samara Cohen stated that Bitcoin ETFs can serve as a bridge between cryptocurrency and traditional finance.