Odaily星球日报讯 贝莱德数字资产主管 Robert Mitchnick 在迪拜 Token2049 活动上表示，比特币 ETF 资金正在大规模流入，且投资者结构正从零售向机构转变。 Mitchnick 指出，ETF 推出初期主要由零售客户参与，包括持仓超过 1 亿美元的高净值个人。但每个季度零售客户占比逐渐下降，机构和财富管理客户占比则不断上升。对于山寨币 ETF，他表示目前市场兴趣仍主要集中在比特币上，因为比特币作为投资组合对冲工具的属性与其他加密货币有所不同。（The Block）

Odaily星球日报讯 贝莱德数字资产主管 Robert Mitchnick 在迪拜 Token2049 活动上表示，比特币 ETF 资金正在大规模流入，且投资者结构正从零售向机构转变。 Mitchnick 指出，ETF 推出初期主要由零售客户参与，包括持仓超过 1 亿美元的高净值个人。但每个季度零售客户占比逐渐下降，机构和财富管理客户占比则不断上升。对于山寨币 ETF，他表示目前市场兴趣仍主要集中在比特币上，因为比特币作为投资组合对冲工具的属性与其他加密货币有所不同。（The Block）

贝莱德高管：比特币 ETF 持有者正在从散户转向机构客户

Odaily Planet News: BlackRock's digital asset head Robert Mitchnick stated at the Dubai Token2049 event that Bitcoin ETF funds are flowing in massively, and the investor structure is shifting from retail to institutional. Mitchnick noted that during the initial ETF launch, retail customers primarily participated, including high-net-worth individuals with positions exceeding $100 million. However, the proportion of retail customers has been gradually decreasing each quarter, while institutional and wealth management clients' share continues to rise. Regarding Altcoin ETFs, he said that market interest is currently still mainly focused on Bitcoin, as its portfolio hedging tool attributes differ from other cryptocurrencies. (Block)

BlackRock executive: Bitcoin ETF holders are shifting from retail investors to institutional clients

<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> According to Bernstein analysts, Bitcoin may soon reach a new historical high due to enterprise accumulation and ETF capital inflows. Analysts pointed out that the current supply and demand dynamics of Bitcoin make it difficult to be bearish on this asset. Recently, SoftBank, Tether, Bitfinex, and Cantor Fitzgerald jointly launched a new Bitcoin enterprise vault project called Twenty One Capital, expected to initially hold 42,000 BTC. Analysts predict that as enterprises and ETFs continue to accumulate, Bitcoin may break through the current price range and reach a new high. (Block)

Analyst: Bitcoin may hit a record high due to corporate accumulation and ETF inflows

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