A Year of Pent-Up Demand

Samara Cohen, Chief Investment Officer at BlackRock, launched one of the first-ever spot bitcoin ETFs in the US a year ago, anticipating a surge in demand. Her prediction has come true, with investors flocking to the market. Cohen attributes the demand to a better way to access bitcoin, specifically the ETF wrapper. The ETF wrapper provides a more accessible and transparent way for investors to gain exposure to bitcoin, making it an attractive option for those new to Wall Street. The wrapper allows investors to buy and sell shares of the ETF, which in turn holds a basket of underlying assets, such as bitcoin, providing a more liquid and tradable instrument.