As the heat ramps up around spot Bitcoin exchange-traded funds (ETF), asset management firms who were approved by the US Securities and Exchange Commission are starting to roll out advertisements. BlackRock is the latest firm to do so.
“Bitcoin is the original cryptocurrency to gain global adoption, and has continued to maintain its dominance,” the frontman, Jay Jacobs stated.
BlackRock’s Positive Tone Toward Bitcoin ETF
The advertisement was fronted by BlackRock’s head of thematics and alternative ETFs, Jay Jacobs. It had a positive tone towards Bitcoin, stating that it will have “profound implications for the future of finance.”
He notes that similar to stocks, bonds, and ETFs, the convenience provided by BlackRock can eliminate operational burdens and reduce associated costs like tax reporting.
Moreover, BlackRock assures its customers that a new era has dawned for Bitcoin, instilling confidence in its reputation and encouraging trust from its customers.
“Investors have taken notice, as in institutions and individual investors alike.”
He points out that the motivations for investing in Bitcoin vary. For some, it represents a potential store of value, while for others, it is perceived as a “game changer” in the way money circulates globally.
However, he observes that navigating a crypto exchange to buy Bitcoin, the most prevalent method for acquiring it, can prove intricate for numerous investors. This underscores the simplicity that Bitcoin ETFs offer to those same investors.
BlackRock Bitcoin ETF Explained Simply for Novice Investors
In general, the advertisement exhibited a straightforward and easily comprehensible approach, catering to the target audience. It appears to be targeting individuals unfamiliar with Bitcoin. Additionally, to those who might have experimented with it previously but lack a clear understanding of why they should invest in this asset.
Jacobs reassures customers that BlackRock is the leading ETF firm with ETF across a wide range of industries.
Jacobs explains that Bitcoin continues to hold the number one dominant spot despite “thousands of other” cryptos coming into existence.
Meanwhile, Bitwise launched a Bitcoin advertisement, a few weeks before the US SEC even granted the spot Bitcoin applications approval.
Yet, the company chose a slightly more playful and humorous tone for its advertisement compared to BlackRock’s serious approach.
In December 2023, BeInCrypto reported that the ad features Jonathan Goldsmith. He plays on his past role as the most interesting man in the world. He champions Bitcoin in the short ad: “You know what’s interesting these days? Bitcoin,” the actor stated.
Source : BeInCrypto by Ciaran Lyons / Jan 15, 2024