Institutional interest in Bitcoin is on the rise, with asset management giant BlackRock noting a significant uptick in attention from sovereign wealth funds, endowments, pensions, insurers, and other institutional investors towards Bitcoin Exchange-Traded Funds (ETFs).

The recent reports shed light on the evolving landscape of Bitcoin investments, signaling a broader acceptance of digital assets within traditional finance.

According to Robert Mitchnick, BlackRock’s head of digital assets, there’s a notable surge in interest from institutional players like sovereign wealth funds and pension funds.

Mitchnick emphasizes that the firm has been actively engaging in…

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