PANews reported on October 20th, according to CNBC, that in the past five trading days, the net inflow of funds into spot Bitcoin ETFs exceeded $2.1 billion, half of which was accounted for by BlackRock. The Chief Investment Officer of BlackRock's ETF and Index Investments stated that among the 80% direct investors who purchased IBIT, 75% had never held iShare before. In addition, a16z found in its recently released cryptocurrency status report that over 40 million Americans hold cryptocurrencies.