BlackRock Reorganizes Board of Directors of Its Spot Bitcoin ETF

PANews reported on April 29 that BeInCrypto reported that BlackRock is making a major reorganization of the board of directors of its flagship Bitcoin spot ETF "IBIT". From November 6, 2024, Lindsey Haswell, currently the chief legal and administrative officer of Web3 payment company MoonPay, will succeed Kimun Lee in a key position. The appointment comes against the backdrop of three consecutive days of zero net flow at BlackRock. Haswell's deep background and experience in Blockchain.com and Core blockchain are expected to bring innovative governance methods to IBIT. It is worth noting that as the second largest Bitcoin spot ETF, IBIT has recently ended 71 consecutive days of capital inflows, but its market performance is still strong, with a total inflow of US$57.6 million last week, far exceeding other similar ETFs.