tl;dr
BlackRock executive Samara Cohen predicts that Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be included in model portfolios by the end of 2021 and into 2025. Cohen, BlackRock’s chief investment officer of ETFs and index investments, stated in an interview with Bloomberg that ma...
BlackRock's Samara Cohen predicts that Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be included in model portfolios by the end of 2021 and into 2025. Cohen, BlackRock’s chief investment officer of ETFs and index investments, stated in an interview with Bloomberg that major financial firms like Morgan Stanley, Wells Fargo, and UBS are currently assessing risk analytics for the two crypto assets.
The U.S. Securities and Exchange Commission (SEC) approved the launch of the first spot Bitcoin ETFs in January, and Ethereum ETFs were launched last week. Cohen anticipates the inclusion of Bitcoin and Ethereum ETFs in model portfolios by the end of 2025, with major financial firms conducting due diligence on the crypto assets.
Model portfolios are a basket of different investments crafted by a financial advisor, according to the financial services firm Morningstar. Cohen also mentioned that large wirehouses like Morgan Stanley, Wells Fargo, and UBS are looking at risk analytics for the top two crypto assets, assessing their role in the portfolio and their utility as portfolio diversifiers. Cohen believes that towards the end of this year and into next year, allocations will be made in model portfolios, providing more insight into how investors are utilizing them.
The U.S. Securities and Exchange Commission (SEC) greenlit the launch of the first spot Bitcoin ETFs in January, while Ethereum ETFs were launched last week.
More about United States Steel Corporation
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: Manufacturing, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Market Cap: 9.15B
Current Price: $11.76
Price Change: $0.20
Change Percent: 3.46%
PE Ratio: 79.23
EPS: $0.0489
Revenue: 17.74B
EPS Estimate Current Year: $45.11
EPS Estimate Next Year: -$0.129
EPS Estimate Next Quarter: -$0.069
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