BlackRock Exec Says Bitcoin ETFs Becoming A Major Revenue Source Was A ‘Big Surprise’

Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency space in the past two years. With these investment products, people get to participate in the cryptocurrency market without having to directly own the digital assets. Interestingly, one of the biggest winners—that often gets overlooked—has been the issuers, especially as the crypto industry has seen increased institutional adoption since the Bitcoin ETFs launched. According to the firm’s executive, the BTC exchange-traded funds becoming the major source of revenue for BlackRock, the world’s largest asset manager, was not envisioned source: https://www.newsbtc.com/news/bitcoin/bitcoin-etfs-becoming-largest-revenue-source/