BlackRock has issued a warning regarding a significant increase in investment scams targeting its iShares Bitcoin and Ether exchange-traded fund (ETF) investors. The asset management giant noted that fraudsters are using social media platforms such as WhatsApp and Telegram to impersonate BlackRock representatives and promote fake investment opportunities. This surge in scams follows the recent launch of BlackRock's Spot Ethereum ETF, which has attracted heightened attention from investors. BlackRock emphasized that it does not contact users through social media for investment opportunities or payments, urging caution among its customer base against these deceptive practices. The company manages approximately $10.5 trillion in assets, underscoring the scale of its influence in the investment space.