Bitcoin Spot ETF: VanEck’s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up
Summary
BlackRock's Spot Bitcoin ETF could see over $2 billion in inflows upon launch, with existing Bitcoin holders looking to increase exposure. VanEck's Head of Research, Matthew Sigel, mentioned this on an X space hosted by The Block, but noted uncertainty. BlackRock's ETF could surpass initial projections and grow to $40 billion in two years. Bloomberg analyst Eric Balchunas stated that BlackRock is known for injecting large sums into new ETFs on the first day of trading, potentially shattering records. The SEC is lining up issuers for a potential launch on January 11.
