<ul><li>Robert Mitchnick, Head of Digital Assets at BlackRock, discussed the surge in Bitcoin ETFs driven by retail and investor demand, wealth advisor adoption, and institutional adoption.</li><li>Institutional adoption of Bitcoin is still early, with some firms fast-tracking the ETF approval process, making Bitcoin more appealing for diversification due to its unique risk and return profile.</li><li>Despite remaining volatile, Bitcoin's decreased volatility has attracted institutions interested in its correlation with traditional assets for compelling portfolio construction.</li><li>Around a dozen Bitcoin ETFs are currently competing in the market, with strong demand reflecting the success and popularity of these products in the space.</li></ul>

Robert Mitchnick Discusses BlackRock’s Bitcoin ETF IBIT Success On Bloomberg

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