Scaramucci On BlackRock's Bitcoin Play: 'Inflows Have Exceeded Even Their Most Bullish Expectations'
Portfolio Pulse from Abbey Higginbotham
Anthony Scaramucci discusses the impact of the EU's MiCA regulation on European crypto exchanges and highlights BlackRock's successful Bitcoin product launch, driven by customer demand. The regulation aims to create a safer environment for crypto activities, contrasting with the US's enforcement-focused approach.
October 28, 2024 | 3:07 pm
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BlackRock's Bitcoin product has seen inflows exceeding expectations, driven by customer demand for a low-cost, high-quality option. This success highlights growing institutional interest in blockchain and digital assets.
BlackRock's decision to offer a Bitcoin product was in response to customer demand, and the inflows have surpassed even their most optimistic forecasts. This indicates strong market interest and could positively impact BlackRock's stock in the short term.
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