According to the latest report, the Head of Digital Assets for BlackRock, Robert Mitchnick, stated that spot Bitcoin ETF “flows are back in a big way” amid the bullish wave into the biggest cryptocurrency.
While addressing the Token 2049 event in Dubai, Robert Mitchnick mentioned a new transition in Bitcoin ETF investment where, gradually, institutional investors are taking more interest than retail investors.
JUST IN: $11.5 trillion BlackRock’s Robert Mitchnick says spot #Bitcoin ETF “flows are back in a big way” 🚀 pic.twitter.com/YD180zdWet
— Bitcoin Magazine (@BitcoinMagazine) April 30, 2025
Once dominated by retail investors, the Bitcoin ETF sector is now experiencing a drop in retail holdings. According to Mitchnick, this shift requires “a longer adaptation period”.
Amid the global tariff war and weakening USD position, the cryptocurrency market is benefiting. Bitcoin is again back on track after it plunged drastically in March.
On April 28, BlackRock’s iShares Bitcoin Trust (IBIT) poured nearly $1 billion into Bitcoin, which is its second-largest daily purchase since the ETF’s launch earlier this year.
The $970 million investment shows a growing appetite for Bitcoin exposure through traditional financial instruments. According to Sosovalue data, it trails only the record $1.12 billion IBIT scooped up on November 7, 2024.
Will Bitcoin Hit $100K Amid Rise in Bitcoin ETF Inflow?
Bitcoin and volatile assets like stocks have bounced back strongly this month. Amid the weak economic data, Bitcoin surged past key resistance levels.
A drop in consumer confidence and a rising trade deficit suggest the U.S. economy is slowing down. It may force the Fed to lower interest rates, which is good news for Bitcoin.
Technically speaking, BTC/USD is in a strong uptrend and may head toward the $100,000 mark if it does not fall below the key support at $92,000.
Also Read: Bitcoin Crowd Sentiment Shifts to Greed, Risking Price Plateau
