BlackRock Anticipates Renewed Institutional Interest In Bitcoin Spot ETFs – BlackRock (NYSE:BLK), iShares Bitcoin Trust (NASDAQ:IBIT)

Despite a recent pause in inflows to spot bitcoin exchange-traded funds (ETFs) after a continuous 71-day streak, industry experts predict a resurgence led by a broader investor base.

What Happened: Robert Mitchnick, head of digital assets at BlackRock BLK, the world’s leading asset management firm, suggests that the lull may soon be replaced by inflows from a variety of institutional investors.

According to Mitchnick, financial giants such as sovereign wealth funds, pension funds, and endowments are likely to begin engaging with spot ETFs in the upcoming months, Coindesk reported.

“The re-initiation of the discussion around bitcoin is turning on how to allocate BTC into portfolio…

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