Crypto: BlackRock Forecasts Billions of Dollars More in Its Crypto ETFs
BlackRock predicts that fear of hacks will drive billions of dollars into its crypto ETFs: only the key custodian will change, not the risk.
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The WatcherGuru post attributes the forecast to BlackRock without citing an interlocutor or source document, and there is nothing to confirm it beyond this relay.
The same message mentions the manager's $15,000 billion in assets. This sum represents the scale of the firm; it does not represent any crypto commitment.
An investor actually makes two distinct decisions, detailed in an analysis published on November 9: owning exposure to cryptos, and managing their coins themselves.
The fear of piracy can change the second decision without affecting the first, the desire for exposure remains intact and only the way of holding changes. It’s the passage of the note under the mattress to the safe at the bank, a sort of change of guardian more than of fortune.
This custody requires very real efforts: losing your recovery phrase blocks access to funds, disclosing it offers the same access to a thief.
Delegating these tasks relieves the investor who does not want to maintain their backup procedures, and it is this need that BlackRock would see turning to its funds.
A position which seems altogether curious. Indeed, American ETFs experienced large capital flight following the Binance hack. Indeed, the day after the hack, on October 30, $643 million in outflows were recorded on BTC ETFs.
The answer can be found in the documentation of IBIT, BlackRock's listed bitcoin fund. Its prospectus, dated July 31, 2025 and completed in November 2025, names Coinbase Custody Trust Company as custodian of the bitcoins.
The fund keeps the private keys of the custodial stock offline, in cold storage. A separate balance is used for market operations.
The investor buys and sells shares via his broker, without ever touching a wallet, and key management disappears from his daily life.
The counterpart appears in the same document. Shares provide a beneficial interest in a fund, not direct control of the bitcoins.
The prospectus warns that volatility can degrade the value of shares, and that compromised keys remain synonymous with permanent losses.
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- Journal du Coin10 Nov, 05:00
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