Bitcoin Further gains should follow, according to President-elect Donald Trump BlackRock ETF chief.
Samara Cohen, the company’s chief investment officer for ETFs and index instruments, believes that cryptocurrency deregulation will “absolutely” propel Bitcoin into another historic year.
“There will be progress on FIT21 (Financial Innovation and Technology for the 21st Century Act). There will be progress on stablecoins. There will be progress just on the definition of the taxonomy,” she told CNBC “ETF Edge” This week.
Cohen is the man behind the company iShares Bitcoin Trust (IBIT) – Which Growth of 114% since January 2024 It made its debut and is up nearly 8% year to date. it is as Bitcoin It briefly traded above $100,000 this week.
Despite strong performance, she recommends using cryptocurrencies Investors need courage.
“Bitcoin is a risk asset. So, 15% is not a huge move in the case of Bitcoin. Investors should expect volatility,” Cohen said. “But in the long term, the price of Bitcoin will really depend on the level and speed of adoption.”
On Monday, BlackRock announced the official launch of the iShares Bitcoin ETF on Canada’s CBOE.
And, it’s not the only company diving into the cryptocurrency space at the start of the year. Calamos Investments plans to launch the Bitcoin Structured Alternative Protection ETF next Wednesday, two days after Trump is inaugurated. According to the press release, this is “the world’s first 100% downside protected Bitcoin ETF.”
