BlackRock Exec Stunned By Low Selling Activity Among Holders of Physical Bitcoin ETF
CryptoNewsTerminal Staff25 Jul, 2024
BlackRock Exec Stunned By Low Selling Activity Among Holders of Physical Bitcoin ETF
BlackRock's head of digital assets, Robbie Mitchnick, expressed surprise at the minimal selling activity observed among holders of the firm's physically backed Bitcoin exchange-traded fund (ETF). Mitchnick noted that he had anticipated more selling pressure from investors, particularly during periods of market volatility. However, the data suggested that holders were exhibiting a long-term investment mindset, with minimal interest in short-term trading.