BlackRock Executive: Strong Inflows for Bitcoin ETF, Investor Base Shifting from Retail to Institutional
ChainCatcher news, according to The Block, BlackRock's head of digital assets Robert Mitchnick stated at the Token2049 event in Dubai that there is a massive inflow of funds into Bitcoin ETFs, and the investor structure is shifting from retail to institutional.Mitchnick pointed out that in the early stages of ETF launches, participation was mainly from retail clients, including high-net-worth individuals with holdings exceeding $100 million. However, the proportion of retail clients has gradually decreased each quarter, while the share of institutional and wealth management clients has been continuously rising. Regarding altcoin ETFs, he mentioned that current market interest is still primarily focused on Bitcoin, as Bitcoin's attributes as a portfolio hedging tool differ from those of other cryptocurrencies.