BlackRock expects continued growth in spot BTC ETFs

BlackRock Head of Digital Assets Robert Mitchnick said investors are continuing to expand the ways and channels through which they can invest in Bitcoin, and the firm’s spot ETF, IBIT, is likely to keep growing, according to Forbes. Mitchnick said some Bitcoin holders are moving part or all of their assets into ETFs amid real-world risks including ransomware, hacking and custody failures, adding that a recent attack targeting some Coldcard hardware wallets has heightened market concerns about the security of self-custody.