Bitcoin ETF Boom: BlackRock's Dominance and Gold Funds Outflows
TL;DR Summary
Standard Chartered analyst Jeff Kendrick is optimistic about the potential boom in 401k retirement investments in Bitcoin and Ethereum following the SEC's approval of spot Bitcoin exchange-traded funds (ETF). He anticipates increased interest from pensioner funds and suggests that Ethereum may follow a similar pathway to Bitcoin in the approval process for its own ETF. Kendrick's positive outlook is supported by the strong performance of Bitcoin and Ethereum, as well as the potential for an influx of pensioner funds into the crypto market.
- Standard Chartered Predicts: 401k Bitcoin ETF Boom in 2024 BeInCrypto
- Bitcoin ETFs now $2B up on inflows to date, led by BlackRock Blockworks
- BlackRock iShares Bitcoin ETF (IBIT) Inflows Pull Away From Newborn Nine Bloomberg
- Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs CoinDesk
- 'Don't sell to Larry:' Bitcoiners lampoon BlackRock as fund giant's holdings surpass $6b DLNews
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