Retail Investors Drive Demand: IBIT Spot Bitcoin ETF Trades At $13,000
Key Points:
- IBIT Spot Bitcoin ETF is popular among retail investors with an average trade size of $13,000.
- In just two months, IBIT has attracted over $14 billion in assets, leading among bitcoin ETFs.
According CoinDesk, BlackRock’s iShares Bitcoin Trust (IBIT Spot Bitcoin ETF) attracts retail investors, with average trades around $13,000. It’s gained over $14 billion in assets in two months.
BlackRock’s iShares Bitcoin Trust (IBIT), a spot bitcoin ETF, sees significant demand from nonprofessional or retail investors. The average trade size for IBIT is around $13,000, indicating that most of its demand comes from ordinary people.
IBIT Spot Bitcoin ETF Attracts Retail Investors with $13K Average
The conclusion is supported by Bloomberg Intelligence senior ETF analyst Eric Balchunas, who said that based on the size of the trades, retail is definitely a significant factor.
The IBIT, issued by BlackRock, the world’s largest asset manager, sees an average of 250,000 trades a day. Balchunas informed that issuers have confirmed that demand is driven by the retail crowd.
BlackRock’s IBIT has attracted over $14 billion in assets in just two months, making it the leader among bitcoin ETFs. The appeal is attributed to its high liquidity and low fees, making it attractive to institutions, financial advisors, and retail investors alike.
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Non-Crypto Investors Find Easy Access to Cryptocurrency
ETFs like the IBIT make it easier for individual investors to allocate money into bitcoin without holding the actual asset themselves. The fact that ETFs can be traded through financial advisors or brokerage accounts, paves the way for non-crypto investors to invest in cryptocurrency easily.
Despite the market being dominated by retail investors, there’s significant interest from all types of customers, ranging from retail to institutional.
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