📈 Institutional Demand Drives Bitcoin ETF Growth, Says BlackRock’s Mitchnick

At #TOKEN2049  Dubai, Robert Mitchnick, Head of Digital Assets at BlackRock, highlighted an evolving trend in the crypto investment landscape — institutional interest in $BTC ETFs is on the rise.

🧠 Mitchnick noted that inflows into BlackRock’s Bitcoin ETF (IBIT) are increasingly being driven by wealth managers and institutional clients, while retail participation, though still present, appears to be slowing. This shift suggests a maturing market, where Bitcoin is gradually being integrated into broader, long-term portfolio strategies by professional investors.

💬 Mitchnick also reinforced that #blackRock  views $BTC  not as a tech stock or speculative asset, but as a potential hedge and store of value — a narrative increasingly embraced by traditional finance players.