Blackrock Foresees Sovereign Wealth Funds and Pensions Flowing into Bitcoin ETFs

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Blackrock’s digital asset head, Robert Mitchnick, suggests not going by the first massive break in inflows in BTC ETFs. In an interview, Mitchnick said this might follow a new wave from different investors. Financial institutions such as sovereign wealth, pension, and endowments will probably trade in spot ETFs in the coming months. The firm now sees BTC from the perspective of portfolio construction. Research and diligence in this area are not new, as Blackrock has talked about BTC with these institutions for several years.