贝莱德（BlackRock）数字资产负责人 Robert Mitchnick 在迪拜 Token2049 中表示，比特币 ETF 资金流入显著回升，投资者结构从散户转向机构。他指出，ETF 推出初期以散户为主，包括持仓超 1 亿美元的高净值客户，但机构和财富管理客户的占比逐季上升。Mitchnick 认为，比特币并非科技股的杠杆贝塔，而是避险资产或多元化投资工具。资金流入规模已接近 ETF 推出以...

<div>贝莱德（BlackRock）数字资产负责人 Robert Mitchnick 在迪拜 Token2049 中表示，比特币 ETF 资金流入显著回升，投资者结构从散户转向机构。他指出，ETF 推出初期以散户为主，包括持仓超 1 亿美元的高净值客户，但机构和财富管理客户的占比逐季上升。Mitchnick 认为，比特币并非科技股的杠杆贝塔，而是避险资产或多元化投资工具。资金流入规模已接近 ETF 推出以来最高水平。对于其他加密货币 ETF，他表示比特币仍占主导，另类币投资逻辑不同。Mitchnick 对新任 SEC 主席 Paul Atkins 的政策持谨慎态度，预计监管框架将更严格。（TheBlock) <br><br></div>

贝莱德数字资产负责人谈比特币 ETF：资金流入正在大规模回流

BlackRock's digital asset head Robert Mitchnick stated at <Token2049> in Dubai that Bitcoin ETF fund inflows have significantly rebounded, with investor composition shifting from retail to institutional investors. He noted that during the initial ETF launch, retail investors were predominant, including high-net-worth clients with positions exceeding $100 million, but the proportion of institutional and wealth management clients has been increasing quarter by quarter. Mitchnick believes that Bitcoin is not a leveraged beta of tech stocks, but rather a hedge asset or diversification investment tool. The scale of fund inflows has nearly approached the level since the ETF launch...

<div>BlackRock's Digital Assets Head Robert Mitchnick stated at Token2049 in Dubai that Bitcoin ETF fund inflows have significantly rebounded, with investor composition shifting from retail to institutional investors. He noted that ETF's initial phase was dominated by retail investors, including high-net-worth clients with positions exceeding $100 million, but the proportion of institutional and wealth management clients has been increasing quarterly. Mitchnick believes Bitcoin is not a leveraged beta of tech stocks, but rather a hedge asset or diversification investment tool. Fund inflows have approached near-peak levels since the ETF's launch. Regarding other cryptocurrency ETFs, he emphasized that Bitcoin remains dominant, with alternative coin investment logic differing. Mitchnick maintains a cautious stance on the policy of new SEC Chair Paul Atkins, anticipating a stricter regulatory framework. (TheBlock)</div>

BlackRock Digital Assets Head Talks About Bitcoin ETF: Capital Inflows Are Flowing Back on a Large Scale

Table of Contents
- Institutional Fund Frenzy: BlackRock's IBIT's Astonishing Capital Attraction
- Reshaping Market Landscape: How Bitcoin ETF Provides "Structural Support"?
- New Developments at the Government Level
- Market Outlook and Potential Risks
Financial giant BlackRock's iShares Bitcoin Trust (IBIT) ETF experienced a net inflow of $970 million on April 28th Eastern Time, marking the second-highest single-day record since its inception. This strongly demonstrates the continued interest of institutional investors in Bitcoin (BTC)...

BlackRock "IBIT" bought $970 million worth of BTC in a single day, the second highest in history! US Bitcoin ETF has seen net inflows for seven consecutive days

<Odaily>Odaily Planet News</Odaily> This year, Bitcoin's price narrative has been fluctuating between "gold" and "Nasdaq" correlations. However, Bernstein analysts believe that short-term correlations are highly misleading. Key indicators such as retail selling exhaustion, corporate accumulation, and ETF fund inflows may drive "supply tightening" and push prices to new highs. Last week, Twenty One Capital announced an initial accumulation of 42,000 BTC (approximately $4 billion), joining companies like Strategy in the competition. Currently, about 80 companies collectively hold 700,000 BTC, representing 3.4% of the total supply. The U.S. spot Bitcoin ETF saw a net inflow of $3 billion last week, a five-month high, with total holdings accounting for 5.5% of Bitcoin's circulating supply. Institutional share increased from 20% in September last year to 33%, with 48% held by investment advisors, reflecting asset allocation needs. Combined with corporate holdings, institutional capital now controls 9% of BTC supply. If the U.S. government implements strategic reserves, it may trigger a race among sovereign nations to stockpile. Exchange BTC balance has dropped from 16% at the end of 2023 to 13%, though some assets have merely been transferred to ETF custodians. Bernstein analysts estimate Bitcoin will reach a cycle peak of around $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033, with intermittent one-year bear markets in between. (<Block>The Block</Block>)

Bernstein: Bitcoin will hit new highs as companies increase holdings and ETF "supply crunch" intensifies

<Odaily>Odaily Planet News</Odaily> According to SoSoValue data, yesterday (Eastern Time, April 29), the total net inflow of Bitcoin spot ETFs was $173 million. Yesterday, the Bitcoin spot ETF with the highest single-day net inflow was Blackrock's IBIT ETF, with a single-day net inflow of $217 million, and IBIT's historical total net inflow has reached $42.388 billion. Yesterday, the Bitcoin spot ETF with the highest single-day net outflow was Bitwise ETF BITB, with a single-day net outflow of $24.3896 million, and BITB's historical total net inflow has reached $2.047 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs was $110.171 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) reaching 5.85%, and the cumulative historical net inflow has reached $39.196 billion.