Odaily Planet Daily News Tony Ashraf, managing director of BlackRock, said that spot Bitcoin ETFs meet “pent-up demand” from investors and that demand for Bitcoin has been growing for some time. Ashraf noted that new investors are entering the cryptocurrency space because ETFs provide new investment opportunities for many investors. The three key drivers of demand for Bitcoin ETFs are: demographic changes in the macroeconomic environment and wealth, industry maturity, and improvements in the regulatory environment. (TheBlock)