Unchained
Unchained
Laura Shin
How BlackRock, the World's Largest Asset Manager, Took Crypto Mainstream - Ep. 735
1 hour 8 minutes Posted Nov 15, 2024 at 2:00 pm.
What and who is driving this massive amount of activity in bitcoin trading
Why Robbie offers some caution about the future of digital asset regulation
What about crypto captivated Robbie
Whether Robbie was the one who “orange pilled” BlackRock CEO Larry Fink
Why Robbie thinks that bitcoin is not a risk-on asset
The backstory of how BlackRock ended up filing for a spot bitcoin ETF
How inflows into ETFs surprised Robbie, even considering fairly optimistic projections
Why BlackRock’s clients always ask about bitcoin’s correlation with other assets
Robbie’s take on the critique that BlackRock could centralize a decentralized ecosystem
What his thesis is on stablecoins, payments, and tokenization
The reasons why Ethereum ETFs have not been as successful as bitcoin
How Robbie pitches the ether ETF to clients
Why BUIDL is built on Ethereum, a public blockchain, rather than on a private one
Why DeFi’s potential is “immense,” according to Robbie
How bitcoin ETF options will impact the behavior of investors
What features BlackRock would love to see under a new SEC regime
What it’ll take for regulators to approve staking in ether ETFs
Why Robbie is not sure which crypto ETFs might come next
Whether BlackRock will develop proof of reserves for its ETFs
Robbie’s outlook for the markets in 2025
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Show notes
BlackRock’s entry into crypto through its bitcoin ETF (and later on the spot ether ETF) has rewritten the record books, driving massive inflows and reshaping the narrative for institutional crypto adoption.Robbie Mitchnick, head of digital assets at BlackRock, unpacks the story behind this monumental shift. He shares the journey from skepticism to success, how BlackRock’s ETF has changed the market, and the surprises even he didn’t expect.Plus, he explains why he believes people mistake bitcoin for a risk-on asset, what the investment case is for Ethereum, and what’s next for crypto in 2025.Show highlights:
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Guest:
Robbie Mitchnick, Head of Digital Assets for BlackRockLinks
Previous coverage of Unchained on Bitcoin ETFs:
Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto
How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years 
Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access
How Small Bitcoin ETF Issuers Will Compete With the Likes of BlackRock
Unchained: BlackRock’s Spot Bitcoin ETF Eclipses Firm’s Gold ETF in Net Assets
CNBC: BlackRock CEO Larry Fink: I believe bitcoin is a legit financial instrument
CoinDesk: BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs
Forbes: A Trump U.S. Strategic Bitcoin Reserve ‘Game-Changer’ Is Suddenly Hurtling Toward The Bitcoin Price
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