Robbie Mitchnick

Well, it had a lot of things converging at the right time for it, right?

The pent up demand that had existed for many years to be able to access Bitcoin in a convenient turnkey, low cost exposure vehicle was substantial.

That was true for retail.

It was especially true for financial advisors and for institutions.

And so you had this moment where all of a sudden access got unlocked to the entire of mainstream finance.

And it coincided with the fact that Bitcoin is an asset.

You know, obviously we're in a less positive moment right now, but is a asset that has massive resonance with all kinds of people and all kinds of investors all over the world.

And you put those two together and it was somewhat unprecedented in terms of the

the strength of the adoption.

And even today, obviously, Bitcoin is down by almost 50% from the peak.

But if you measure funds post-launch, and we're now two years and a month after iBit launched, it's still by far the largest ETF in history, even after this pullback, after two years.

Well, we have to do both, but I think unquestionably Bitcoin and iBit has been, is, will continue to be a massive central focus, right?

It's not, you know, just launch a fund and see it's gone really well.

Okay, great, let's do next thing.

There's an ongoing investment in it, in education, in client engagement around it, in marketing support, and all of that continues to be a focus.

As you note, we have expanded into some other products and filings, but we've done that in a pretty judicious way, right?

A lot of asset managers in the space have now filed for like 10 different crypto ETFs.

We have two in the market today.

So we continue to have a very high bar in terms of what else we would add.

Well, I think we see ourselves as having the role of a bridge in many respects between traditional finance and the digital asset worlds.