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BlackRock, the world's largest asset management company, is witnessing growing interest from a different type of investor in spot Bitcoin exchange-traded funds (ETFs).
<h2 id="blackrock-expects-increased-interest-in-bitcoin-etfs-from-sovereign-wealth-funds-and-pension-funds">BlackRock Expects Increased Interest in Bitcoin ETFs from Sovereign Wealth Funds and Pension Funds</h2>
BlackRock head of digital assets Robert Mitchnick predicts that financial institutions such as sovereign wealth funds, pension funds and endowments will begin trading in spot ETFs in the coming months.
<blockquote>
 “Whether we're talking about pensions, endowments, sovereign wealth funds, insurers, other asset managers, family offices, many of these firms that are interested are having ongoing due diligence and research discussions, and we play a role in terms of education.”
</blockquote>
Pent-up demand for the much-anticipated ETFs has seen more than $76 billion accumulated in these products since their approval in January.
Some registered investment advisors (RIAs) already offer BlackRock's IBIT ETF. The next step is expected to be the unlimited offering of Bitcoin ETFs to clients of major wealth advisory players such as Morgan Stanley.
Related News: <a href="https://en.bitcoinsistemi.com/ethereum-based-decentralized-finance-protocol-introduced-its-new-roadmap-here-are-the-details/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Based Decentralized Finance Protocol Introduced Its New Roadmap! Here are the Details</a>
A significant portion of current IBIT assets come from Grayscale exchanges. Other sources could be outflows from higher-priced international products in Canada or Europe, with some coming from Bitcoin futures ETFs being converted back into spot products.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/asset-management-company-blackrock-announced-that-there-will-be-fund-flows-to-bitcoin-etfs-from-different-sectors/" rel="noopener noreferrer nofollow">Asset Management Company BlackRock Announced That There Will Be Fund Flows to Bitcoin ETFs from Different Sectors!</a>

Asset Management Company BlackRock Announced That There Will Be Fund Flows to Bitcoin ETFs from Different Sectors!

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