Bitcoin Shows Positive Skewness to Volatility, Says BlackRock’s Cohen

This morning's Empire podcast featured insights from BlackRock's Samara Cohen. Key points include:

Bitcoin is not acting as a safe haven during market downturns, showing increased correlation with equities.
BlackRock's bitcoin ETP, IBIT, has not experienced expected outflows, indicating that price action is driven by retail and speculative positions held by institutions.
Cohen noted Bitcoin maintains positive skewness in volatility despite market conditions.
BlackRock is focused on the tokenization of capital markets, emphasizing its potential benefits for investors.

Cohen's comments suggest that BlackRock remains committed to its crypto initiatives.