BlackRock's Robert Mitchnick on the launch of the firm's staked ether ETF

"Despite negative price moves in Bitcoin, IBIT was fourth in the world in inflows with 26 billion in. So we've just seen that steady accumulation pattern on a long-term basis." While offshore and levered crypto platforms experience high volatility and forced liquidations, the traditional ETF investor base (retail, advisors, institutions) is treating Bitcoin as a long-term strategic asset. This steady accumulation creates a structural bid that absorbs sell-offs and stabilizes the asset's floor price. LONG. The proven stickiness of ETF inflows during a 50% drawdown demonstrates strong fundamental conviction, setting the stage for price appreciation when broader market selling pressure exhausts. A severe, prolonged recession could eventually force retail and institutional investors to liquidate their long-term holdings to raise cash, breaking the steady accumulation trend.