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BlackRock Executive: Bitcoin's Regulatory Acceptance Leaves Other Cryptos Behind

Guavy AI Editorial Team
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BTC
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BlackRock's digital assets head Robert Mitchnick told CNBC that Bitcoin has achieved regulatory acceptance that other cryptocurrencies have not.

This comes as spot Bitcoin exchange-traded funds pulled in $232.1M on Wednesday, extending an eight-day inflow streak to $2.8Bn, according to CoinGlass.

Mitchnick made this distinction between Bitcoin and areas such as decentralized finance (DeFi) and other complex crypto categories, where the regulatory picture remains unsettled.

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