BlackRock Built A Bitcoin Wrapper That Beats Saylor's Yield — And Gives You BTC Upside

Robbie Mitchnick is Managing Director and Global Head of Digital Assets at BlackRock — the world's largest asset manager. He led the launch of IBIT, the most successful ETF in Wall Street history. Now BlackRock has launched BITA, a covered call Bitcoin product targeting high teens yield while retaining 70% of Bitcoin's upside.

Bitcoin Treasuries President and The Bitcoin Historian Pete Rizzo joins Tyler Rowe for the full conversation. They cover the IBIT inflow and outflow data, the hodler thesis ($48B of IBIT's $50B drop was Bitcoin's price, not outflows), why Bitcoin's narrative was badly mismanaged, the machine native money thesis, the debt and deficit catalyst, and why BlackRock now says the question isn't whether Bitcoin is too risky — it's whether it's risky not to hold any.

Follow Robbie: https://twitter.com/@RMitchnick Follow Pete: https://twitter.com/@pete_rizzo_

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CHAPTERS:00:00 Cold Open01:48 IBIT 2.5 Years In - Smashing ETF Records07:15 IBIT Investors Are Hardcore HODLers08:41 Bitcoin Portfolio Guidance12:42 Demand For Institutional BTC Exposure14:01 Bitcoin Yield & Investor Profiles16:05 Bitcoin ETFs vs Strategy or Strive17:37 Demand For Derivatives & Volatility20:54 Onshoring BTC Options Market22:22 BITA vs STRC, SATA & Digital Credit23:14 What Robbie Thinks About Saylor's Strategy24:43 How Larry Fink Evolved On Bitcoin27:28 BTC Narrative Problems & Debt, Deficit & AI37:03 BTC Infrastructure Maturity39:10 BlackRock's Roadmap & Restraint41:33 Tokenization & The Broader Ecosystem44:05 When Does Crypto Cross The Chasm?45:26 Is It Risky To NOT Hold Bitcoin?47:37 Robbie's Message To The Institutional Skeptics48:38 Stay Orange

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⚠️ Not financial advice. Do your own research.