The world’s largest asset management company BlackRockspot of a different type of investor Bitcoin is witnessing increased interest in exchange-traded funds (ETFs).

BlackRock Expects Sovereign Wealth Funds and Pension Funds to Increase Interest in Bitcoin ETFs

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.

“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.”

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.

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.

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