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TechFlow news, The Block editor-in-chief Tim Copeland reported that Matthew Sigel, VanEck's head of digital asset research, revealed he learned from a source familiar with the matter that BlackRock has raised $2 billion from existing Bitcoin holders to deploy into its spot Bitcoin ETF in the first week.
Bloomberg ETF analyst Eric Balchunas said if true, this would set a record for ETFs in terms of first-week trading volume and assets under management.
The Block's editor-in-chief Tim Copeland said that Matthew Sigel, VanEck's head of digital asset research, revealed he learned from a knowledgeable source that BlackRock has raised $2 billion from existing Bitcoin holders to deploy into its spot Bitcoin ETF during the first week. Bloomberg ETF analyst Eric Balchunas noted that if true, this would set a record for both ETF trading volume and assets under management in the first week.
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