Investment giants BlackRock and Fidelity unanimously began to declare that pension funds will begin to invest in spot Bitcoin ETFs. Such statements, interestingly, began against the backdrop of falling interest in their spot Bitcoin ETFs.#Fidelitysays pension funds could start investing in the instrument “soon.” At the same time, they place special emphasis on the fact that#BTCis not such a volatile asset as many say. That BTC volatility on an annual scale is at a historical low. And that investing in BTC is subject to less risk than investing in Netflix shares (if you compare volatility over the last 2 years). BTC analysts emphasized that the first cryptocurrency becomes less volatile as it matures.
BlackRock also predicts that pension funds will begin to participate in spot Bitcoin ETFs. This opinion was expressed by the head of the digital assets department of #BlackRock, Robert Mitchnick, against the backdrop of falling excitement and interest in this instrument.
In his opinion, the current “outflows of funds from ETFs to BTC are a temporary phenomenon.” And the instrument is expecting a “new flow of investors” in the next few months. Mitchnick expects that not only pension funds, but also charitable funds, as well as state sovereign wealth funds will invest in spot Bitcoin ETFs:
“The current lull will likely be followed by a new wave of different types of investors.”
Mitchnick added that the company is seeing “a renewed conversation around Bitcoin.” And that#BlackRockis negotiating with institutions, talking about the benefits of #BTC.
By the way, on April 30 it became known that BlackRock would indeed invite industry leaders to its headquarters to discuss BTC. They published a corresponding video.
