Institutional Demand Fuels Bitcoin ETF Growth, BlackRock Exec Says š
At #TOKEN2049 Dubai, Robert Mitchnick, Head of Digital Assets at BlackRock, highlighted a significant shift in the crypto investment landscape: institutional interest in Bitcoin ETFs is surging.
š§ Mitchnick pointed out that inflows into BlackRock's IBIT are increasingly driven by wealth managers and institutional clients, even as retail participation appears to be moderating. This suggests a maturing market where Bitcoin is being integrated into broader, long-term portfolio strategies by professional investors.
š° Importantly, Mitchnick emphasized that #BlackRock views $BTC not as a tech stock or a speculative asset, but as a potential hedge and store of value ā a narrative gaining traction among traditional finance players.
What are your thoughts on this growing institutional adoption of Bitcoin ETFs? Share your perspective below! š