Bitcoin $100,177.5reaching new all-time record levels every day. The price, which exceeded $104 thousand, is now stalled at six-digit levels. BlackRock increased interest in cryptocurrencies with its IBIT and ETHA ETFs. However, the company does not change its stance on other crypto ETFs.
BlackRock’s Crypto ETF Policy
Investors want to see more altcoin ETF applications as BlackRock has a 99.9% ETF approval rate. When he announced the ETH ETF application, everyone was sure of the approval because BlackRock was involved. However, the company currently supports Bitcoin and Ethereum. 
$3,891.0 He prefers to focus on his ETFs. Bloomberg senior ETF analyst Eric Balchuna revealed in a call with BlackRock’s Jet Jacobs that the firm wants to do more work on Bitcoin and Ethereum ETFs.
“With Bitcoin and especially Ethereum, we are only at the tip of the iceberg. Since very few of our clients own IBIT and ETHA, we focus on developing them rather than launching new altcoin ETFs.” —Jay Jacobs, BlackRock
BlackRock’s approach to delaying new crypto ETFs has been well received by investors. One investor said, “The step-by-step approach is better for crypto. “Launching a new ETF too quickly will only increase volatility,” he commented.
Growth in Bitcoin and Ethereum ETFs
The massive success of Bitcoin ETFs has led to a significant increase in demand for ETFs. Spot Bitcoin ETFs remained in net inflows for 11 days and saw $598 million in inflows on December 12. ETHA, on the other hand, had a net inflow for 14 consecutive days and reached an inflow of 274 million dollars on December 12.
Bitwise has taken an important step to take adoption to a new level by filing a Crypto Index ETF with the US SEC. Mike Venuto at Tidal stated that all kinds of option strategies in ETFs tied to companies such as Bitcoin, Nvidia, Tesla and MicroStrategy will become widespread in the future.
“Every options strategy you can think of will be tied to ETFs with Bitcoin, Nvidia, Tesla and MicroStrategy. “It’s coming.” — Mike Venuto, Tidal
BlackRock has decided to carefully implement new crypto ETFs with the goal of sustainable growth and informed adoption. According to the Bloomberg analyst’s statements, the firm continues to focus on Bitcoin and Ethereum, which are existing Spot ETFs. This decision is supported by investors to ensure financial stability.
The success of Bitcoin and Ethereum ETFs has increased the influence of these two assets on investors and the price of Bitcoin. Currently, with the price of Bitcoin above the $100,000 level, BlackRock’s strategy appears to be aimed at providing balance and long-term stability in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
