TechFlow, April 30 — According to The Block, BlackRock's head of digital assets Robert Mitchnick said at the Token2049 event in Dubai that bitcoin ETFs are seeing massive inflows, and investor composition is shifting from retail to institutional.
Mitchnick noted that during the initial phase of ETF launches, participation was primarily driven by retail investors, including high-net-worth individuals holding over $100 million. However, each quarter the proportion of retail investors has gradually declined, while the share of institutional and wealth management clients continues to rise. Regarding altcoin ETFs, he stated that market interest remains largely focused on bitcoin, as bitcoin’s role as a portfolio hedge differs from that of other cryptocurrencies.
