According to the Gate.io News bot, Robert Mitchnick, head of digital assets at BlackRock, delivered a speech at the Token2049 conference in Dubai. He pointed out that the inflow of funds into the Bitcoin ETF has approached the highest level since the product's launch, with the investor structure shifting from retail investors to institutions.

Mitchnick stated that in the early stages of the ETF launch, the majority of investors were retail investors, including high-net-worth clients with holdings exceeding $100 million. Subsequently, the proportion of institutional and wealth management clients has increased quarter by quarter. He emphasized that Bitcoin is a safe-haven asset or a diversification investment tool, rather than a leveraged beta of tech stocks.
Regarding other cryptocurrency ETF topics, Mitchnick pointed out that Bitcoin remains dominant, and the investment logic for altcoins differs. He also takes a cautious stance on the policy of the new SEC chairman Paul Atkins, expecting the regulatory framework to be more stringent. #MemeBox 现已支持 Solana 公链 #非农就业数据将公布 #ALPACA大涨