Only Genuine!: BlackRock’s Crypto Chief Finally Drops the Truth Bomb about the Bitcoin ETF Mania. Robert Mitchnick, BlackRock’s Head of Digital Assets, just shared his insight into the Bitcoin ETF frenzy at Bloomberg’s ETF IQ event. And his view might just surprise you.
“The price surge is due to some factors,” said Mitchnick. “First was the retail and investor frenzy in the market. But lately, there has come a groundswell of support from wealth advisors and institutions.” He thus continued, “The world is diverse in its outlook: we have new entrants in crypto for the first time, right alongside some seasoned Bitcoin veterans trying to benefit from this ETP route.” That is a combination-the fresh interest and the strategic action of the already established.”
JUST IN: $11.5 trillion BlackRock’s Robert Mitchnick said wealth advisor adoption of Bitcoin is “very early”
pic.twitter.com/UqiarMWEvV Bitcoin Magazine (@BitcoinMagazine) June 9, 2025
U.S. Brokerage regulatory approvals are yet to open, at least according to Mitchnick. Whereas ETF approvals have moved glacially slow over the years, a few firms now claim they are in a sprint for the finish.
Mitchnick observed a fast-paced shift: “Firms are now collapsing barriers in mere quarters, not months, to give advisors access to the leverage of generating tools. These past few months have seen this accelerate even faster with the big players approving and lowering barriers.”
After all, Bitcoin’s volatility is turning into a calm sea, attracting institutional investors looking for a piece of their portfolio to spice up.Though it is still sometimes prone to price swings, its risk-reward trade-off sets it far apart from conventional players in the financial world.
“Considered a nascent technology, this vector presents an interesting case to institutional investors,” Mitchnick observed. “The allure is among the grounds of possible high investment returns. And another plus was that this technology has some of its own distinctive characteristics. For an institution, the low or sometimes negative correlation offers the kind of diversification an institution would cherish in its portfolios.”
About a dozen Bitcoin ETFs currently compete in the market, and demand remains strong.
“Despite seeing considerable successes, for practical purposes, our brand has been at the helm of the market with a considerable lead. The demand did open a window picturesque innovation and somehow poured in different products into this category-a testimony to its level of health and promise.”
Body:Say no to whisperings. IBIT by BlackRock is making the headlines. The ETF’s explosive success was dissected by Robert Mitchnick in a Bloomberg show that first was reported by Oscar Zarraga Perez for Bitcoin Magazine.
Thanks for reading Robert Mitchnick Discusses BlackRock’s Bitcoin ETF IBIT Success On Bloomberg
