- Larry Fink has expressed surprise at the remarkable surge in Bitcoin spot ETFs.
- BlackRock ETF attracted $10 billion within its initial weeks and now boasts $17 billion in assets.
- The figure places IBIT in close competition with Grayscale’s GBTC, which currently holds $23 billion in assets.
In a recent interview on FOX Business, BlackRock CEO Larry Fink expressed astonishment at the remarkable surge in Bitcoin spot exchange-traded funds (ETFs), particularly those managed by his firm. With BlackRock overseeing $10 trillion, Fink’s admission of surprise underscores the unprecedented feat of Bitcoin’s ascent in the U.S. crypto ETF market.
“I am very bullish on the long-term viability of Bitcoin,” Fink declared, acknowledging the cryptocurrency’s recent milestone of hitting a record-breaking high of $72,850. Reflecting on the market’s rapid growth, he remarked:
That surprised me how much that’s gone up… I’m pleasantly surprised. And I would never have predicted it before we filed it.
BlackRock’s iShares Bitcoin Trust ETF, trading as IBIT, attracted a staggering $10 billion in its initial weeks and now boasts $17 billion in assets. This figure puts …
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