Coin Stories

Robbie Mitchnick: Inside BlackRock's Bitcoin Vision, Global Store-of-Value Race & How How BlackRock Builds BTC into Portfolios

60 snips
Nov 20, 2025
Robbie Mitchnick, Global Head of Digital Assets at BlackRock, shares insights on Bitcoin's evolving role in investment portfolios. He discusses the remarkable success of BlackRock's Bitcoin ETF and the mix of retail and institutional investors driving its growth. Mitchnick highlights how institutions are now viewing Bitcoin as a valuable diversifier. He also addresses misconceptions about Bitcoin, the implications of macroeconomic factors, and the asset's unique position compared to gold. Finally, he emphasizes Bitcoin's significance as a lifeline in unstable economies.
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INSIGHT

ETF Met Pent-Up Demand

  • The Spot Bitcoin ETF satisfied massive pent-up demand for a turnkey, low-cost way to hold Bitcoin.
  • BlackRock saw record inflows because many investors wanted convenient ETF exposure rather than direct custody.
INSIGHT

Retail Share Fell As Institutions Entered

  • Early ETF flows were mostly retail but institutional share has risen to about 50/50 today.
  • Wealth advisors and institutions like hedge funds, sovereigns, and pensions now form a meaningful portion of flows.
INSIGHT

Bitcoin As Portfolio Diversifier

  • Bitcoin can act as a modest portfolio diversifier and hedge against left-tail risks tied to currency debasement.
  • Institutions may find value in a small allocation for unique risk-return and diversification benefits.
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