BlackRock's Altcoin News: Investors Demand, Pointing to ETFs! - Coin Bulletin

**BlackRock, while focusing on expanding Bitcoin and Ethereum ETFs, noted that it is necessary to wait until 2025 for altcoin ETFs to be expected.

One of the world's largest asset management companies, BlackRock, has clarified its strategy to expand exchange-traded funds (ETFs) focused on Bitcoin and Ethereum in the cryptocurrency market.

Jay Jacobs, the head of BlackRock's ETF division, stated that Bitcoin and Ethereum ETFs currently only reach a limited audience, emphasizing that their priority is to expand the coverage of these two ETFs and to include altcoins in the game.

In his statement at the "ETFs in Depth" event held on the ETF sector, Jacobs emphasized that Bitcoin and Ethereum ETFs are still preferred by a very small segment of investors.

Jacobs said, "We are still at the tip of the iceberg with Bitcoin and especially Ethereum. Only a small fraction of our customers currently hold (IBIT and ETHA). Therefore, instead of launching new altcoin ETFs, our focus will be on the widespread adoption of existing ETFs."

Date Set for Altcoin ETFs

BlackRock's stance on altcoin ETFs has also drawn attention. The company aims to increase the adoption of its existing products, rather than taking new steps towards cryptocurrency ETFs other than Bitcoin and Ethereum. However, Jacobs said that some altcoin ETFs such as Solana (SOL)** and Ripple (XRP)** are expected to be approved in the US by the end of 2025.

BlackRock's strategy aims to facilitate access to cryptocurrencies for both institutional investors and individual investors, while also aiming to enable broader adoption in the market. The increase in institutional interest in projects such as SOL and XRP after Bitcoin and Ethereum indicates that diversity in the cryptocurrency market may increase.

What Will Be the Impact on the Markets?

BlackRock's ETF strategy has been met with both positive and critical commentary in the markets.

Experts suggest that a focus on Bitcoin and Ethereum could provide a boost to the value of these two leading cryptocurrencies, but that the altcoin market's growth potential could be limited by this strategy.

Especially projects like SOL and XRP getting approval by 2025 may bring a new momentum to the altcoin market.