Jay Jacobs, Head of Thematic and Active Equity ETFs at BlackRock, emphasized the firm’s focus on Bitcoin and Ethereum-focused exchange-traded funds (ETFs). He highlighted their commitment to these leading cryptocurrencies due to their significant market potential. Jacobs also pointed out that while Bitcoin and Ethereum have shown correlations with traditional markets in the short term, they fundamentally differ, as uncertainty tends to benefit Bitcoin. This makes it a viable hedge against geopolitical risks. Jacobs believes this could drive growth for Bitcoin ETFs among institutions, as central banks shift towards alternative assets like Bitcoin, particularly amid geopolitical tensions. He also noted that growing interest in Bitcoin is expected from countries like China as they seek alternative financial instruments during these uncertain times. BlackRock’s Jay Jacobs predicts a significant potential for investment in both Bitcoin and Ethereum, considering their track record of performance during economic and geopolitical uncertainties.