According to Deep Tide TechFlow, on April 28, BlackRock's Chief Investment Officer for ETFs and Index Investments, Samara Cohen, stated in the Empire podcast that despite the increased correlation between Bitcoin and the stock market, the outflow of funds from its ETF product IBIT was better than expected.
Cohen pointed out that Bitcoin has lower volatility during downtrends and maintains a positive skew. She also emphasized that BlackRock is very focused on the market tokenization path and is optimistic about its potential to improve capital markets.
