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Rich Habits Podcast

65: EXCLUSIVE Interview w/ BlackRock (Bitcoin ETF)

May 20, 2024
Jay Jacobs, Head of Thematic Investing and Active ETFs at BlackRock, discusses BlackRock's IBIT Spot Bitcoin ETF, exploring the rise of Bitcoin ETFs, institutional demand, equity securities, Bitcoin volatility, and tokenization of financial assets. The conversation dives into the differences between spot and futures ETFs, NIO's income-focused ETFs, and the Coinbase-BlackRock relationship, offering valuable insights for investors.
22:41

Episode guests

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Quick takeaways

  • BlackRock's iBit Bitcoin ETF attracted investors due to expertise in ETFs and quality packaging.
  • Understanding Bitcoin's volatility, low correlation to stocks, and benefits of spot Bitcoin ETFs is crucial for investors.

Deep dives

The Popularity of iBit Spot Bitcoin ETF

In just 37 trading days, iBit became the fastest ETF to hit $10 billion in AUM, showing tremendous investor demand for Bitcoin exposure. BlackRock's expertise in ETFs and quality packaging of products attracted investors to iBit over other spot Bitcoin ETFs. The broad appeal of ETFs for various investor types, from individuals to institutions, made iBit an efficient tool for accessing Bitcoin.

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