BlackRock’s Head of Digital Assets, Robert Mitchnick, believes that the majority of altcoins are worthless. The firm actively chooses to invest in solid assets like Bitcoin and Ethereum rather than engaging in the altcoin ETF movement.
Despite recent market downturns, BlackRock manages about 100 billion USD in Bitcoin and Ethereum combined, making it a significant player in the ETF market, controlling approximately 6.8% of Bitcoin’s total supply.
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