Recently, the U.S. Head of BlackRock’s iShares Products spoke with Yahoo Finance. According to Rachel Aguirre, the company’s debut and the first two weeks of trading on IBIT (the ticker for its spot-based Bitcoin exchange-traded fund) have been more than satisfying.
IBIT’s trading volume has surged to an astounding $3 billion in just under two weeks since the product was certified by the Securities and Exchange Authority and went live.
https://x.com/sunnydecree/status/1750135137776406842?s=20
According to Aguirre, the ETF received inflows totaling over $1.6 billion following its launch. She declared with pride, “We are here to provide investors access to Bitcoin, and that is exactly what we are doing.”
Bitcoin sees big investor demand – Rachel Aguirre
According to the BlackRock official, the business is happy with the recent regulatory changes it has observed in the United States; as a result, she does not think that SEC Chairman Gary Gensler is generally bad for the bitcoin market.
BlackRock constantly looks forward to see how they can be helpful to consumers, attempting to anticipate their requirements, she added, declining to directly respond to the topic of whether the business had plans to develop a spot Ethereum ETF.
According to Aguirre, three unique selling points (USPs) are provided by BlackRock’s iShares Bitcoin Trust (IBIT): it makes Bitcoin much more accessible, removes all of the hassles associated with holding it directly (such as remembering passwords and keeping them safe), and iShares offers top-notch customer service. BlackRock is now holding 16,361 BTC to support its newly released spot Bitcoin ETF.
