Listen to this article

$11.5 Trillion BlackRock's Robert Mitchnick: Wealth Advisor Bitcoin Adoption, ETF Approvals Still in Early Stages

12 posts • GPT (4.1)

Updated Jun 10, 2025, 01:51 AM

BlackRock Inc., the world's largest asset manager with approximately $11.5 trillion in assets under management, has commented on the current state of Bitcoin adoption among wealth advisors.

Robert Mitchnick, BlackRock's Head of Digital Assets, stated that wealth advisor adoption of Bitcoin is still in its 'very early' stages. The firm noted that some advisors are fast-tracking allocations to Bitcoin and rapidly lowering barriers, including approvals for Bitcoin exchange-traded funds (ETFs), but overall institutional uptake remains limited.

More breaking stories on DeepNewz — updated live.