(Jim Henderson, modified by CoinDesk)

BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs

Summary

BlackRock's head of digital assets, Robert Mitchnick, anticipates a new wave of investors, including financial institutions like sovereign wealth funds and pension funds, entering the spot bitcoin ETF market. BlackRock's IBIT ETF has attracted over $17.2 billion in assets, with comparisons to Grayscale's GBTC. Mitchnick also mentioned BlackRock's filing for an ether ETF and the potential benefits of digital assets, stablecoins, and tokenization for clients and capital markets.

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