BlackRock Imposters Target Crypto ETF Investors

BlackRock warns investors about a rise in crypto scams targeting its iShares Bitcoin and Ether ETFs, urging caution against social media impersonators.

• BlackRock noticed an uptick in crypto scammers targeting its iShares spot Bitcoin and Ether investor base.
• Investors are urged to avoid social media interactions with individuals posing as BlackRock representatives.
• Scammers impersonating BlackRock are actively targeting crypto ETF investors through various platforms.

Scammers Increasingly Target Bitcoin ETF Investors

Scammers are actively targeting crypto ETF investors through various social media platforms by impersonating BlackRock. Investors are advised to be cautious and note that BlackRock does not contact users through social media platforms for payments or investments.

Source: BlackRock

BlackRock Attracts Major Bitcoin Investment

• BlackRock’s iShares Bitcoin Trust (IBIT) has seen significant investment since its launch on Jan. 11, surpassing other US-approved spot BTC ETF providers.
• Robert Mitchnick, BlackRock’s head of digital assets, noted clients’ overwhelming interest in Bitcoin and Ethereum.
• BlackRock CEO Larry Fink has discussed Bitcoin as a “digital gold” and a legitimate financial instrument.