Featured image from Decrypt, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
VanEck\u2019s Head of Research, Matthew Sigel, recently hinted that the Spot Bitcoin ETF of the world\u2019s asset manager, BlackRock, could see a record-breaking amount of inflows upon launch. This comes as an approval order by the Securities and Exchange Commission (SEC) looks imminent.\u00a0 BlackRock\u2019s Bitcoin ETF Could See Inflows Of Over $2 Billion Sigel mentioned on an X (formerly Twitter) space hosted by the media platform, The Block, that he heard from a reliable source that BlackRock has \u201cmore than $2 billion lined up in week one.\u201d Related Reading: Shiba Inu\u2019s Shibarium Hit Major Milestone Amid Rapid Network Recovery This investment capital is said to be coming from existing Bitcoin holders who are looking to increase their exposure to the flagship cryptocurrency.\u00a0 He quickly added that he couldn\u2019t be 100% certain of this information. However, it is a possibility, considering that issuers would be looking to get investors that can inject huge sums into their respective ETFs.\u00a0 Sigel went on to highlight how significant it could be if BlacRock\u2019s ETF indeed saw $2 billion of inflows in the first week of trading, saying that it would \u201cblow away\u201d their initial projections. They estimate that the Spot Bitcoin ETFs could see $2.5 billion of inflows in the first quarter of trading. Meanwhile, they believe the market could grow to $40 billion in the next two years.\u00a0 BTC price struggles to reclaim $44,000 | Source: BTCUSD on Tradingview.com Not Out Of Place For BlackRock Commenting on the possibility of BlackRock seeing this significant amount of inflows, Bloomberg analyst Eric Balchunas noted that such an occurrence isn\u2019t unusual for the world\u2019s largest asset manager. According to him, BlackRock is known for lining up and injecting big cash into new ETFs on the first day of trading. That way, it registers as volume for them.\u00a0 Related Reading: New Report Predicts When The XRP Price Will Cross $1.56 Balchunas further noted that BlackRock\u2019s Bitcoin ETF, seeing $2 billion of inflows, would shatter all records relating to first-day and week volume for an ETF. Interestingly, BlackRock already holds the record for the most successful ETF launch going by the amount of inflows recorded on day one.\u00a0 The world\u2019s asset manager further dominates the top 10 list of most successful ETF launches. Balchunas, however, clarified that those inflows were mainly lined up cash and not organic, as they were readily available before the ETF launched. He also mentioned that he got a second source to confirm Sigel\u2019s claims that BlackRock has a big day one lined up.\u00a0 Meanwhile, the Bloomberg analyst provided an update on when the approval order from the SEC was likely to come. Citing multiple sources, he stated that the SEC is lining up all issuers for a potential launch on January 11.\u00a0 Featured image from Decrypt, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":568389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,532,679,7720,89215,1119,1122,1144,78790,89193,84647],"class_list":["post-568385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-price","tag-blackrock","tag-blackrock-news","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-etf-news","tag-spot-bitcoin-etf"],"acf":[],"yoast_head":"\n
Bitcoin Spot ETF: VanEck\u2019s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n