👻 BlackRock at Bitcoin 2024 Conference, key points:

1️⃣ BlackRock views Bitcoin not as a simple "risky" asset but as one with unique fundamental drivers and potential for safe money storage.

2️⃣ BlackRock's clients are primarily interested in BTC and, to a lesser extent, ETH. There is very little interest beyond these two assets.

3️⃣ ETF holders show a significant degree of long-term holding.

4️⃣ BlackRock's IBIT had only one day of negative flows in the 6.5 months since its launch in January. Over time, there will likely be more days with negative flows.

5️⃣ Bitcoin ETFs are extremely successful products but are not yet in high demand among institutional investors or advisors. This situation is likely to change later this year.

6️⃣ Independent advisors typically allocate 2–3% of capital to Bitcoin.