BlackRock’s Global Co-Head of Bond ETFs, Steve Laipply, advised investors to switch from cash to fixed income in an interview with Yahoo Finance. Laipply stressed that now is the right time to progressively reallocate, even in spite of recent withdrawals brought on by Federal Reserve tightening.
BlackRock’s IBIT has grown remarkably, exceeding MicroStrategy’s Bitcoin holdings with assets of over $17.3 billion. This significant achievement denotes the institutional recognition of digital assets, including Bitcoin, as valid financial instruments.
BlackRock’s success with Bitcoin ETFs aligns with their advise. Now leading Grayscale by $2 billion, BlackRock’s iShares Bitcoin Trust (IBIT) has the potential to become the largest Bitcoin fund in the world.
The explosive growth of IBIT threatens MicroStrategy’s hegemony and highlights institutional investors’ increasing interest in the Bitcoin space. The scenario points to a dramatic change in the institutional Bitcoin investment environment, demonstrating a broader embrace of digital assets.
Similar to regular bank accounts, interest-bearing cryptocurrencycurrency accounts pay fixed interest on deposits made with cryptocurrencycurrencies. This is consistent with the advice provided by Laipply to switch from cash to fixed income, which may also include fixed cryptocurrencycurrency assets.
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