According to BlockBeats, on February 12th, Nicholas Peach, Head of iShares Asia Pacific at BlackRock, stated at the Consensus conference in Hong Kong that if traditional Asian investment portfolios allocated only 1% to crypto assets, it could theoretically bring in nearly $2 trillion in new funds. Crypto ETFs are gaining acceptance among Asian institutions, and some allocation models are already recommending a small percentage of crypto assets. Based on Asia's approximately $108 trillion in household wealth, even a conservative estimate would have a profound impact.
BlackRock: If traditional Asian investment portfolios allocated only 1% to crypto assets, it could bring in nearly $2 trillion in new funds.
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