A statement on spot Bitcoin ETFs came from BlackRock. Commenting on the issue, BlackRock's head of digital assets, Robert Mitchnick, said that they have been closely following the recession in recent weeks, but that this could be the calm before the storm.

Mitchnick believes that new and different types of investors may flock to spot Bitcoin ETFs in the coming period, and predicted that this investor group could include sovereign wealth funds, pension funds, insurers and family offices.

He emphasized that such groups are already exploring ways to invest in Bitcoin and include it in their portfolios and are in contact with them. Mitchnick continued his statement as follows:

"Whether it's pension funds, endowments, sovereign wealth funds, insurers, other asset managers, family offices, many of the interested firms are conducting rigorous research conversations on an ongoing basis, and we play a role from an educational perspective." 

Recent statements from Fed members halted the rise in the crypto market! Recent statements from Fed members halted the rise in the crypto market!

In recent weeks, interest in spot Bitcoin ETFs has steadily declined. On May 1, spot Bitcoin ETFs witnessed the largest net outflows since their launch. Total outflows for the 11 ETFs totaled $563 million.