75% of BlackRock IBIT ETF Buyers Were TradFi Virgins: Now They’re Buying SPX Funds
In BlackRock Bitcoin news today, three-quarters of investors in BlackRock’s iShares Bitcoin Trust ETF had never owned an ETF before buying it, and once inside, many began buying S&P 500 funds, gold ETFs, and AI products from the same issuer. The narrative was always that Wall Street money would flow into crypto through these wrappers….
