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According to Deep Tide TechFlow news on April 30, as reported by The Block, BlackRock's Head of Digital Assets Robert Mitchnick stated at the Token2049 event in Dubai that Bitcoin ETF funds are flowing in on a large scale, and the investor structure is shifting from retail to institutional.
Mitchnick noted that in the early stages of the ETF launch, it was mainly retail clients participating, including high net worth individuals with holdings exceeding 100 million dollars. However, the proportion of retail clients has gradually declined each quarter, while the proportion of institutional and wealth management clients has continued to rise. Regarding altcoin ETFs, he stated 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.