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Ether ETFs officially begin trading in the U.S.
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther ETFs officially begin trading in the U.S.Samara Cohen, BlackRock ETF & Index Investments CIO, joins 'Squawk on the Street' to discuss whether the current ETFs are tracking Ether, any sense of the size of interest this new product can attract, and if this product will attract customers who are curious about Ether.
Persons: Samara Cohen Organizations: BlackRock, Index Locations: U.S
The long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock's Samara Cohen. The iShares Bitcoin Trust (IBIT) was among the funds to debut earlier this year. Responses ranged from bitcoin's notorious price volatility to the flagship cryptocurrency being too nascent to have established a significant track record. "I would call them wary … that's their job," Cohen said of the skeptical financial advisors. "This is an asset class that has had 90% price volatility at times in history, and their job is really to construct portfolios and do the risk analysis and due diligence.
Persons: BlackRock's Samara Cohen, Cohen, Organizations: Crypto, CNBC, Council Locations: Coinbase State, New York City
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