BlackRock‘s (NASDAQ:BLK) Head of Digital Assets, Robert Mitchnick, on Wednesday said that Bitcoin (CRYPTO: BTC) adoption is still in its “early days”, particularly within the wealth advisory and institutional segments.
What Happened: He shared this perspective during an interview with Bloomberg, discussing the firm’s focus for the second year of their IBIT (NASDAQ:IBIT) ETF.
Mitchnick acknowledged that the first year of IBIT saw record-setting inflows and asset accumulation.
He highlighted that BlackRock is still prioritizing its role as a resource and education partner for clients.
The firm specifically targets wealth advisors and institutions, which it believes hold the key to long-term adoption.
Mitchnick stated that the direct end investor demand was “gangbusters out …
Full story available on Benzinga.com