BlackRock’s head of digital assets, Robert Mitchnick, appeared for an interview on Bloomberg on Aug. 10 in which he shared strong words on the sentiment prevalent among Bitcoin investors right now.
BlackRock launched iShares Bitcoin Trust (IBIT), its spot Bitcoin exchange-traded fund (ETF) in the United States, in January 2024
Since then, the fund has maintained its position as the largest Bitcoin ETF despite the ups and downs. As per SoSoValue, IBIT holds net assets worth $48.51 billion as of Aug. 7. Mitchnick sees noticeable turn in Bitcoin investor sentiment While Bitcoin is down more than 25% this year, it has not lost any value over the last month.
The figures for IBIT tell the same story. Mitchnick said, “We have seen sentiment turn in a noticeable but subtle way the last month or so.” IBIT data suggests his comment is credible. The ETF hit the all-time high (ATH) of $71.82 on Oct. 6 last year.