Direct client demand driving growth in BlackRocks Bitcoin ETF so far

WikiBit 2024-07-26 22:52

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloomberg’s James Seyffart at Bitcoin 2024. Client demand was the driving force behind

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloombergs James Seyffart at Bitcoin 2024.

Client demand was the driving force behind Bitcoin exchange-traded fund (ETF) creation, and the funds are just beginning to pick up momentum, BlackRock head of digital assets Robert Mitchnick said at the Bitcoin 2024 event. He was interviewed on stage by Bloomberg journalist James Seyffart.

BlackRock CEO Larry Fink was a vocal skeptic of cryptocurrency when Mitchnick was hired in 2018. Fink was subsequently “orange-pilled,” pivoting to call Bitcoin “digital gold” in a recent interview.

Mitchnick credited Fink himself for the change of heart. “Larry deserves a lot of credit for the time that he spent studying the space,” Mitchnick said. He added:

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