To lift my spirits after a nightmare week both for Bitcoin and for its ETFs the leader of this sector arrives in the USA and on a global scale. The head of the division digital assets Of BlackRockin a recent interview that was reported by Coindeskconfirmed what had already been stated in the past by Bitwise and by several other managers.
That of ETFs will be a long-term race, and for the moment we will have to wait for the arrival of pension funds, sovereign funds and many other operators in the financial world who can move significant capital. The good news is that these operators will enter the market and end up making these products even more interesting.
Excellent news for the entire Bitcoin sector and also for ETFs, which should help to lift morale a bit after a few bad days both for these products and for Bitcoin in general.
BlackRock: ETF giants are arriving
The message is very clear. Talking is Robert Mitchnickwho is head of the digital division of BlackRocka division which is among those that also deals with the recent ETFs on Bitcoin which was launched by the company led by Larry Fink.
Many of the companies involved – we are talking about pension funds, endowments, sovereign wealth funds, insurance companies, other asset managers, family offices – are researching and doing due diligence, and we are doing our part in terms of the educational approach.
Robert Mitchnick, BlackRock
And he added that what he is now observing on the market is a restart of the discussions around Bitcoin, which have taken place in the past and which – we add – have been reactivated precisely by the arrival of the ETFs.
What was said by Robert Mitchnick it goes along with what we have also heard from Matt Hogan Of Bitwisewhich in its own small way is playing the same role.
Therefore, to avoid any misunderstanding, these are products that are enjoying decidedly important success, a success that perhaps few could have foreseen at the launch on January 10th.
Space also for Ethereum
BlackRock is also one of the companies that have requested approval for an Ethereum ETF, very thorny question and which however sees CEO Larry Fink at the forefront. He also spoke on this topic Robert Mitchnickstating:
When we think about this space, we see the potential for digital assets to deliver benefits to our clients and also to the capital market, with a focus on three areas: crypto assets, stablecoins and tokenization. These are pillars that are interrelated. This is something people need to understand. And the work we do forms our strategy and our vision for others.
Robert Mitchnick, BlackRock
So the question of the possible uselessness of the Ethereum ETF, put forward by the person conducting the interview, is closed here. An excellent signal for the entire sector, in which BlackRock, for goodness sake, in order to accumulate commissions, would seem to believe.
