BlackRock Foresees Ethereum ETFs in Major Investment Portfolios by Late 2024

  • The global asset management giant BlackRock hints at major financial institutions embracing Bitcoin and Ethereum ETFs.
  • Samara Cohen, BlackRock’s head of ETF investments, expects crypto-backed exchange-traded funds to feature in “model portfolios” by late 2024.
  • In a Bloomberg interview on July 29, Cohen discussed how large investment banks such as Morgan Stanley, Wells Fargo, and UBS are integrating and promoting crypto ETFs.

Discover how major banks are positioning Bitcoin and Ethereum ETFs within their model portfolios, potentially transforming the financial landscape.

BlackRock Foresees Major Institutions Embracing Crypto ETFs

Samara Cohen, the head of ETF investments at BlackRock, one of the world’s leading asset managers, has unveiled insights that suggest significant financial institutions are gearing up to integrate Bitcoin and Ethereum ETFs into their portfolios. These statements were made during a Bloomberg interview on July 29, indicating a potential shift in investment trends by the end of 2024.

Institutional Integration and Promotion of Crypto ETFs

During the interview, Cohen elaborated on how prominent investment banks such as Morgan Stanley, Wells Fargo, and UBS are currently engaged in risk assessments and thorough analyses regarding the role of Bitcoin and Ethereum within their portfolios. These institutions are not only evaluating these digital assets but are also contemplating their promotion among a broader investor base.

Conclusion

Cohen’s insights suggest a growing acceptance and strategic integration of Bitcoin and Ethereum ETFs by major financial institutions, potentially marking a turning point in how these digital assets are perceived and utilized. As 2024 approaches, market observers and investors alike will be keen to see how these developments unfold, possibly paving the way for broader adoption and innovative investment strategies.

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