Bitcoin is the number one crypto investment choice among BlackRock’s clients, who have little interest in getting access to other coins, according to Robert Mitchnick – the firm’s Head of Digital Assets.
The representative’s words are sobering for the blockchain industry, much of which bore hopes of the world’s largest asset manager taking the broader crypto asset class to the traditional financial world.
BlackRock’s Clients Like Bitcoin
As reported by Fox Business journalist Eleanor Terrett, Mitchnick said that Bitcoin is “overwhelmingly the number one priority” for BlackRock’s client base.
“Then a little bit of Ethereum, and very little everything else,” Mitchnick added during the Bitcoin Investor Day conference on Friday – a gathering of institutional capital allocators interested in Bitcoin.
While acknowledging the crypto community’s desire for BlackRock to adopt other tokens, he said “That’s just not where we’re focused.”
BlackRock launched its U.
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