BlackRock Chief Investment Officer: Bitcoin volatility shows "positive skew," optimistic about market tokenization prospects

TechFlow, April 28 — According to Blockworks, BlackRock's ETF and Index Investing Chief Investment Officer Samara Cohen said on the latest Empire podcast that despite increased correlation between Bitcoin and the stock market, fund outflows from its IBIT product have been better than expected, indicating that Bitcoin "exhibits lower volatility during downturns while maintaining a positive skew in volatility." Cohen also emphasized that BlackRock is "very focused on the market tokenization path" and sees strong potential for it to improve capital markets.