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BlackRock Backs Bitcoin as Debt Hedge as IBIT Attracts $2.5B Inflows

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • BlackRock's Robbie Mitchnick reaffirmed Bitcoin as an emerging monetary hedge against debt and currency debasement.
  • IBIT ETF holders showed strong resilience during downturns, withdrawing minimal capital, while recently driving $2.5 billion in fresh inflows amid growing global bond market strains.
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