BlackRock predicts major shift in retail investors' access to cryptocurrencies

Core Insights - The appetite for cryptocurrency exposure among Main Street investors is expected to grow significantly this year, indicating a shift in market dynamics [1] - BlackRock's U.S. head of equity ETFs, Jay Jacobs, emphasizes that the concept of spot bitcoin ETFs is still relatively new, with many investors beginning their educational journey regarding bitcoin and its portfolio fit [2] Cryptocurrency Market Performance - As of the latest market close, the iShares Bitcoin Trust ETF (IBIT) has decreased by over 3% in the past year, following a peak price of approximately $126,000 last October, with current trading around the low $90,000 range [2] - The iShares Ethereum Trust ETF (ETHA) has experienced a decline of nearly 6% [3] Investment Trends - The recent traction in cryptocurrencies is partly attributed to large asset managers like BlackRock expanding investment options through equity-like formats such as ETFs, making it more accessible for financial advisors and their clients [3] - Despite market volatility, crypto investors are showing loyalty to their investments, with many choosing to hold rather than sell during uncertain times, indicating confidence in long-term trends [4][5]