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CryptoIntelligence 2024-08-02 06:45:48

BlackRock’s Samara Cohen Predicts Crypto ETFs to Enter Model Portfolios by End of 2024

Digital currency-backed exchange-traded funds (ETFs) are expected to be integrated into “model portfolios” by the end of 2024, according to Samara Cohen, BlackRock’s chief investment officer for ETFs and Index Investments. In a Bloomberg interview on July 29, Cohen discussed the current state of major financial institutions, including Morgan Stanley, Wells Fargo, and UBS, in relation to onboarding and promoting crypto ETFs. She mentioned that these institutions are now engaged in risk analytics and due diligence, particularly focusing on Bitcoin (BTC) and Ether (ETH) within their portfolios. Cohen noted, “What will happen toward the end of this year and into

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