BlackRock: Bitcoin ETF Mania Is Still in ‘Very Early Days’

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BlackRock’s Head of Digital Assets, Robert Mitchnick, says the explosive success of the iShares Bitcoin Trust (IBIT) is only the beginning. Speaking with Bloomberg’s ETF IQ on June 9, Mitchnick described the Bitcoin ETF phenomenon as being in its “very early” phase, with institutional capital still gradually working through onboarding and due diligence pipelines. “Very Early” For Bitcoin ETFs “There has been nothing like this,” Bloomberg’s Eric Balchunas said, citing IBIT’s unprecedented growth....