Nicholas Peach, Head of iShares Asia Pacific at BlackRock, stated at the Consensus conference in Hong Kong that a 1% allocation of traditional investment portfolios in Asia to crypto assets could potentially bring nearly $2 trillion in new capital inflows. This projection underscores the significant potential for traditional financial capital to impact the crypto market.
Peach highlighted the growing institutional acceptance of crypto ETFs in Asia, noting that some asset allocation models are already recommending small crypto allocations. With Asia's household wealth estimated at $108 trillion, even a conservative allocation could significantly influence the market. BlackRock's iShares spot Bitcoin ETF, IBIT, has seen its assets under management grow to approximately $53 billion. Regulatory advancements in Hong Kong, Japan, and South Korea are facilitating the broader rollout of crypto ETF products, though further investor education and asset allocation improvements are needed for smooth capital entry.
BlackRock Executive Predicts $2 Trillion Crypto Inflows with 1% Allocation in Asia
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